"Revealed: Shocking Alameda recording exposes FTX deposits revelation"
A secretly recorded audio clip of Caroline Ellison, a former employee of Alameda Research, has revealed the moment when staff learned that the trading firm was using user funds from FTX. The recording, obtained by Cointelegraph, sheds light on the tension and concerns within Alameda leading up to FTX's collapse. Ellison explained during an all-hands meeting that Alameda had borrowed money from FTX, leading to a shortfall in user funds. The recording was played in court during Sam Bankman-Fried's trial, and former employees expressed shock and decided to leave the company. The meeting also revealed previously undisclosed information, including the abandoned acquisition of FTX by Binance.