Article6 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.

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