Caroline Ellison's Testimony Reveals Explosive Details in SBF Trial

Caroline Ellison, former CEO of Alameda Research and ex-girlfriend of FTX co-founder Sam Bankman-Fried, testified in court about their efforts to deceive lenders and customers in building his cryptocurrency empire. Ellison, who pleaded guilty to multiple charges, including wire fraud and money laundering, is cooperating with the prosecution's case against Bankman-Fried. During cross-examination, she revealed that she and another co-CEO handled Alameda's day-to-day operations, while Bankman-Fried became less involved. Ellison admitted to using FTX customer funds to pay Alameda's loans, allegedly at Bankman-Fried's suggestion. She also mentioned that Bankman-Fried had discussed adding a new co-CEO, but she resisted.