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.

Was Bankman-fried trying to sell FTX equity?

It’s one of many bombshells dropped by Ellison on the second day of her testimony in the lower Manhattan court, depicting just how dire things were in the final days of FTX. Ellison claims that Bankman-Fried was looking to sell FTX equity in order to create liquidity at the cryptocurrency exchange, according to The Wall Street Journal.