🔥The trial of FTX founder Sam Bankman-Freed will continue on October 10. Testimony is expected from his former colleague Caroline Ellison, who is considered a key witness in the case.
- Alameda Research, a sister firm to FTX, is accused of embezzling $8 billion in client funds.
- Ellison and former FTX CTO Gary Wang pleaded guilty in December
- Allison must recount events from 2019 to 2022, when FTX allegedly allowed Alameda to obtain billions in loans without collateral
- Bankman-Fried, 31, is charged with seven federal crimes, including fraud and money laundering. He entered a not guilty plea in January.
- Alameda Research, a sister firm to FTX, is accused of embezzling $8 billion in client funds.
- Ellison and former FTX CTO Gary Wang pleaded guilty in December
- Allison must recount events from 2019 to 2022, when FTX allegedly allowed Alameda to obtain billions in loans without collateral
- Bankman-Fried, 31, is charged with seven federal crimes, including fraud and money laundering. He entered a not guilty plea in January.