What did Ellison say about Alameda & FTX?

Ellison, a Stanford graduate with a degree in mathematics, told the court at a hearing in December that Alameda had a virtually unlimited borrowing facility in FTX, and that she agreed to keep the two firms’ relationship hidden from investors and customers. “I am truly sorry for what I did,” Ellison said.

How much money did Alameda take?

She said Alameda took around $14 billion, only some of which it was able to repay. “He directed me to commit these crimes,” Ms. Ellison said, as Mr. Bankman-Fried sat across the room flanked by his lawyers.

Was Bankman-fried using Alameda to conceal FTX investments?

Bankman-Fried’s team claims the involvement of lawyers in the transaction undercuts government claims that he was using Alameda to conceal FTX investments and spending. Wang was testifying for a third day at the trial of his former friend, Bankman-Fried.

Does Alameda research have a positive net asset value?

Earlier Tuesday, Wang said that as late as June 2022, he was relieved that Alameda Research’s assets exceeded its liabilities and could repay lenders. Later in the year, however, he questioned the notion that at least one calculation still showed that Alameda had a positive net asset value, shortly before both FTX and Alameda filed for bankruptcy.