Cryptocurrency

What we learned from Caroline Ellison’s testimony in Sam Bankman-Fried’s FTX trial

Five key takeaways to get you up to speed on a major crypto trial

Former girlfriend Ellison told the court the SBF had directed her to commit crimes
Former girlfriend Ellison told the court the SBF had directed her to commit crimes Photo: Michael M. Santiago/Getty Images

Caroline Ellison, former CEO of Alameda Research, pointed to former boss and ex-boyfriend Sam Bankman-Fried as the person who called the shots at defunct crypto exchange FTX as well as her related company.

Saying Bankman-Fried told her to withdraw FTX customer funds to finance investments and loan repayments, Ellison said “he directed me to commit these crimes.”

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