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Article • 12 months ago

Former Alameda Research CEO Testifies About Misconduct and Fraudulent Practices at FTX in Bankman-Fried Trial

Former Alameda Research CEO Testifies About Misconduct and Fraudulent Practices at FTX in Bankman-Fried Trial
Summary
  • Former CEO Caroline Ellison accused Sam Bankman-Fried of pressuring her into making false social media statements and orchestrating loan repayments with stolen customer cryptocurrency.
  • The trial exposed subpar corporate practices, fake financial records, and allegations of widespread financial wrongdoing within FTX and Alameda.

Source: https://crypto.news/sbf-trial-day-7-ftx-lost-100m-in-terra-ust-crash/

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