What did Caroline Ellison say about Sam Bankman-fried?

Caroline Ellison continued her testimony in the criminal trial of Sam Bankman-Fried. Ellison testified that Bankman-Fried wanted Alameda Research’s balance sheets to hide the customer money it had borrowed from FTX. She also said she had a Google Doc that had a subcategory labeled “things Sam is freaking out about.”

How did Ellison interact with Bankman-fried in 2022?

Backing up to the summer and fall of 2022, Ellison provided more detail about her interactions with Bankman-Fried as his crypto firms’ financial problems were becoming more apparent. Ellison said they talked about bringing in more money for FTX one of two ways: by acquiring BlockFi or by selling equity.

What did Ellison say about FTX recalled loans?

Ellison told jurors she “was in a constant state of dread” since she knew there were billions of dollars of loans being recalled that could only be repaid with money from FTX customers. She said she was “worried about the possibility of customer withdrawals” that could happen at any time.