Claiming To Be Involved In FTX Bankruptcy, Caroline Ellison: In Sam Bankman-Fried's Direction

Caroline Ellison, former CEO of Alameda Research, partner company FTX. (Photo; Doc. TechTimes)

JAKARTA The Bankruptcy of the FTX crypto exchange on November 11, 2022, which has harmed millions of users from various countries has become a world spotlight. Until now, the trial involving the CEO and founder of the FTX crypto exchange, Sam Bankman-Fried (SBF), is still ongoing.

The latest news, the emergence of former CEO of Alameda Research, partner company FTX, Caroline Ellison in the trial has revealed another side of the crypto exchange bankruptcy. Ellison gave a surprising confession by stating that his involvement in the company's bankruptcy did not come from him as an individual, but at direct directions from the SBF.

Ellison revealed that SBF has a system that allows withdrawing money from FTX, which plays a role in securing around $14 billion from the digital currency trading platform currently facing bankruptcy.

"I sent a balance sheet that makes Alameda look less risky," Ellison said, describing how money taken from FTX customers was used for investment.

The relationship between SBF and Caroline Ellison who are suspected of being involved in a romantic relationship is experiencing a split. Especially as the first two innovators in the emergence of FTX and Alameda Research.

Previously, the SBF reportedly influenced Ellison to leave Jane Street Capital and join his project. But in court, Ellison acknowledged his role in dropping the FTX exchange and facing related charges. Although he pleaded guilty, he may have received a lighter sentence from SBF for giving testimony.

Although SBF faces serious charges in this trial, its lawyers may be given permission to examine several witnesses. At the same time, there are still many parties waiting for further disclosures from Ellison and other witnesses in this trial.