Former CEO Of Alameda Research Caroline Ellison Unloads FTX Operations Issues

JAKARTA - Caroline Ellison, former CEO of Alameda Research, has revealed key points related to FTX's recent trial. This could be a key element in a fraud case involving former FTX CEO Sam Bankman-Fried.

Ellison described a number of issues that included fiat accounts at FTX. He stated there were at least "tens" of fiat accounts, but was unsure of the exact number.

He also underlined the disagreement between him and Bankman-Fried over Solana, a blockchain often supported by Bankman-Fried. Ellison also stated a huge loss caused by UST stablecoin depreciation, Luna-related tokens and developed on the Terra blockchain.

The examination revealed Alameda's liquid assets and loan repayment of "$5 - 10 billion" (equivalent to Rp78 - Rp157 trillion) by Alameda. Also, there was a discussion about communication with Genesis and the uncertainty of FTX investment in a company called Moduro.

Lastly, Ellison admitted that he had informed employees of alleged violations at the company, as well as information related to who was involved in the alleged irregularities, including Sam Bankman-Fried.

This case is starting to surface and could have a major impact on fraud cases involving former FTX CEOs. In an effort to maintain its operating integrity, the use of NFT, which is a term in the crypto world, may become more relevant over time, and new facts may emerge in this case.