🚨 Day 7 of FTX founder Sam Bankman-Fried's trial sees former Alameda CEO Caroline Ellison cross-examined, admitting to some false statements and revealing tensions with SBF. Alameda lost $100M when Terra Luna and UST collapsed, and had no liquid assets to pay back lenders. SBF's attempts to raise funds from Saudi prince MBS were unsuccessful. Ellison claims Alameda's borrowing of $10M before the crypto market crash was the main reason for FTX's collapse. 💥

What are your thoughts on these revelations? Share in the comments! 👇