What happened between FTX and Alameda research?

The two faced each other for the first time since the cryptocurrency trading companies they built together, FTX and Alameda Research, collapsed in November. Ms. Ellison, 28, took the stand for about four hours on the fifth day of Mr. Bankman-Fried’s fraud trial in federal court.

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.

Where is Alameda Island?

Alameda Island is an island located in the San Francisco Bay in California. It is south and west of, and adjacent to, Oakland, and across the bay eastward from San Francisco. Located on the island is most of the city of Alameda, a city in Alameda County.

Was Bankman-fried still CEO of Alameda?

Regarding the comingling of funds, Ellison said Bankman-Fried was still CEO of Alameda when the practice of funneling money from FTX to the hedge fund began. Ellison said she was under the impression that it was FTX customer money because the sums exceeded the exchange’s profits and the amount of capital it hard raised.