Who is Caroline Ellison?

Caroline Ellison, the star witness in the trial against Sam Bankman-Fried, said the FTX founder had directed her and her ex-colleagues to steal roughly $10bn of customer deposits from the exchange, in testimony that is set to be a pillar of the government’s criminal case against the former cryptocurrency tycoon.

Did Caroline Ellison testify against Sam Bankman-fried?

Caroline Ellison testified against Sam Bankman-Fried, telling the court he directed her to commit fraud. (Reuters: Cheney Orr) Former cryptocurrency billionaire Sam Bankman-Fried's fraud case is unfolding in New York City, with a key witness taking to the stand.

Who is Alameda FTX's co-chief executive?

She was named co-chief executive in 2021 when Bankman-Fried gave up the title to focus on FTX, and to avoid questions about conflicts of interest between the two groups. Ellison took sole charge of Alameda last year when Sam Trabucco, a fellow trader, stepped down as co-chief executive.

Did Alameda Company dip into FTX User funds?

Ms. Ellison is at the center of the furor. In a meeting with Alameda employees the week that the companies imploded, Ms. Ellison acknowledged her company had dipped into FTX user funds, The New York Times and The Wall Street Journal have previously reported.