Odaily News SBF stated at the court hearing on Monday that the collapse of FTX was caused by Caroline Ellison’s failure to adequately hedge. SBF said he asked Ellison to make the trade to offset the risk of falling cryptocurrency prices starting in mid-22. (Reuters) According to previous news, SBF stated in court testimony last Friday that as the cryptocurrency market deteriorated in 2022, he had asked Caroline Ellison, the former CEO of Alameda and his ex-girlfriend, to hedge Alameda’s investment positions, but Ellison never Follow his advice. SBF also stated that he was unable to give her the time and attention she needed during their relationship. The current testimony provided by SBF is contrary to the testimony of Caroline Ellison.