Former Alameda CEO: Misappropriated approximately US$14 billion in FTX client funds and was instructed by SBF to commit these crimes
2023-10-10 17:14
Odaily heard that former Alameda Research CEO Caroline Ellison testified in the SBF case. Ellison told jurors that she, SBF and others defrauded clients and investors of FTX and lenders at Alameda Research. Ellison said: “Alameda took billions of dollars from FTX customers and used them to invest themselves” and repay the lender. We ended up taking about $14 billion, some of which we were able to repay, she testified. Ellison pointed to SBF at the defense table and said: He was originally the CEO of Alameda and the owner of Alameda, and he directed me to commit these crimes. (Bloomberg)
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