Caroline Ellison Seeking a Single Black Female into Bitcoin at Prices Below $20,000
Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried (SBF), has testified in the SBF fraud trial and made significant allegations. She claims that SBF orchestrated actions to manipulate the bitcoin price in order to keep it below the $20,000 mark.
During her testimony, Ellison revealed that she was directed by SBF to sell bitcoin whenever its price exceeded $20,000, effectively suppressing its value. This deliberate act was intended to keep the value of bitcoin below this specific threshold, which has caused shockwaves in the digital asset industry.
Ellison also exposed financial misconduct within FTX, stating that Alameda Research had borrowed around $13 billion from FTX clients by September 2022. These borrowed funds were used to clear debts and serve as collateral for other investments made by the company, raising concerns about transparency.
She also recounted a troubling incident involving retail lending company Genesis, claiming that Genesis sought $500 million from the exchange when facing insolvency. Despite reservations, SBF directed her to transfer the funds. Additionally, Alameda Research was allegedly instructed to aggressively trade the native FTT token to maintain its peg in the event of price volatility. Ellison’s testimony directly implicates SBF in the alleged misuse of client funds and misleading lenders, shedding light on questionable business practices.
In terms of legal developments, Judge Kaplan denied SBF’s plea to introduce specific evidence during the trial. The defense wanted to present evidence regarding the involvement of legal counsel in Alameda Research’s loans, intended for the cross-examination of Gary Wang, former FTX Chief Technology Officer. The defense had also attempted to cross-examine Caroline Ellison, claiming that SBF had asked her to activate auto-deletion features on her messaging accounts to emphasize the involvement of legal teams, suggesting no criminal intent.
These legal developments provide insight into the defense’s efforts to challenge the accusations made during the trial, giving a glimpse into the strategies being employed in this high-profile case.
The testimonies of Ellison and Wang are crucial in the ongoing fraud case, as former top executives closely associated with the accused. Their revelations provide crucial insights into the alleged wrongdoing and pose a significant challenge to SBF’s defense.
If convicted on all charges, SBF could face a potential prison sentence of up to 115 years..
#Caroline #Ellison #SBF #Wanted #BTC
Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried (SBF), has testified in the SBF fraud trial and made significant allegations. She claims that SBF orchestrated actions to manipulate the bitcoin price in order to keep it below the $20,000 mark.
During her testimony, Ellison revealed that she was directed by SBF to sell bitcoin whenever its price exceeded $20,000, effectively suppressing its value. This deliberate act was intended to keep the value of bitcoin below this specific threshold, which has caused shockwaves in the digital asset industry.
Ellison also exposed financial misconduct within FTX, stating that Alameda Research had borrowed around $13 billion from FTX clients by September 2022. These borrowed funds were used to clear debts and serve as collateral for other investments made by the company, raising concerns about transparency.
She also recounted a troubling incident involving retail lending company Genesis, claiming that Genesis sought $500 million from the exchange when facing insolvency. Despite reservations, SBF directed her to transfer the funds. Additionally, Alameda Research was allegedly instructed to aggressively trade the native FTT token to maintain its peg in the event of price volatility. Ellison’s testimony directly implicates SBF in the alleged misuse of client funds and misleading lenders, shedding light on questionable business practices.
In terms of legal developments, Judge Kaplan denied SBF’s plea to introduce specific evidence during the trial. The defense wanted to present evidence regarding the involvement of legal counsel in Alameda Research’s loans, intended for the cross-examination of Gary Wang, former FTX Chief Technology Officer. The defense had also attempted to cross-examine Caroline Ellison, claiming that SBF had asked her to activate auto-deletion features on her messaging accounts to emphasize the involvement of legal teams, suggesting no criminal intent.
These legal developments provide insight into the defense’s efforts to challenge the accusations made during the trial, giving a glimpse into the strategies being employed in this high-profile case.
The testimonies of Ellison and Wang are crucial in the ongoing fraud case, as former top executives closely associated with the accused. Their revelations provide crucial insights into the alleged wrongdoing and pose a significant challenge to SBF’s defense.
If convicted on all charges, SBF could face a potential prison sentence of up to 115 years..
#Caroline #Ellison #SBF #Wanted #BTC
