The case against Sam Bankman-Fried (SBF), the founder and former CEO of the bankrupt cryptocurrency exchange FTX, appears to depend on the testimony of Caroline Ellison, the former CEO of Alameda Research, the cryptocurrency exchange cooperation of FTX.
According to a Bloomberg report, both sides are preparing for the jury to hear Ellison's testimony, as she is said to be one of the few people who knows the truth about SBF due to her up-and-down romantic relationship with him.
🔹 History of SBF and Ellison:
Ellison, a 28-year-old former Alameda CEO, first met SBF at Wall Street trading firm Jane Street Capital. Ellison left the company with SBF to found Alameda in 2017.
Ellison became co-CEO of Alameda alongside SBF classmate Sam Trabucco in 2021. She then became sole CEO when Trabucco left the company.
🔹 One of the few people who know the truth:
Prosecutors described Ellison as SBF's life partner and confidant, knowing the truth about the FTX empire. Meanwhile, SBF's lawyer argued that she failed to minimize risks to Alameda after SBF assigned her authority.
However, Ellison, considered a key witness in the case against SBF, is ready to tell her story as she testifies against her ex-boyfriend. Her testimony could influence the jury's decision.
According to a Bloomberg report, both sides are preparing for the jury to hear Ellison's testimony, as she is said to be one of the few people who knows the truth about SBF due to her up-and-down romantic relationship with him.
🔹 History of SBF and Ellison:
Ellison, a 28-year-old former Alameda CEO, first met SBF at Wall Street trading firm Jane Street Capital. Ellison left the company with SBF to found Alameda in 2017.
Ellison became co-CEO of Alameda alongside SBF classmate Sam Trabucco in 2021. She then became sole CEO when Trabucco left the company.
🔹 One of the few people who know the truth:
Prosecutors described Ellison as SBF's life partner and confidant, knowing the truth about the FTX empire. Meanwhile, SBF's lawyer argued that she failed to minimize risks to Alameda after SBF assigned her authority.
However, Ellison, considered a key witness in the case against SBF, is ready to tell her story as she testifies against her ex-boyfriend. Her testimony could influence the jury's decision.