There have been explosive developments in the trial of FTX boss Sam Bankman-Fried. Sam Bankman-Fried’s ex has exposed all the dirty dealings of the bankrupt CEO.
FTX is one of the issues that the cryptocurrency community has been talking about since last year. We have readers who remember; FTX, which was once one of the largest stock exchanges in the world, Sam Bankman-FriedHe went bankrupt due to the steps he took. Sam Bankman-Fried, who escaped for a while, was eventually caught and sent behind bars. However, this does not mean that the process is over. The latest news is that FTX CEO He has dirty relationships it reveals.
One of the names whose testimony was consulted within the scope of the case in the USA is the CEO of the company called Alameda Research, which was understood to have close relations with FTX and went bankrupt together with FTX. Caroline Ellison. Ellison, also known as Sam Bankman-Fried’s ex-girlfriend, explained one by one what the FTX CEO did. The statements made are at a level that we can call terrible. Turns out Sam Bankman-Fried was talking about Binance in the background lobbyingHe was selling assets belonging to his customers to keep the price of Bitcoin (BTC) low…
There isn’t a single person left that they haven’t lied to.
In her statement to the court, Caroline Ellison says that Sam Bankman-Fried can lie very easily and that she was also affected by this. However, Ellison said he would never be part of this process. didn’t think. Alameda Research CEO stated that they were doing business “as they wanted”, so to speak, and that they were lying to everyone to save their business. The situation had reached such a point that companies on balance sheet records Even tampering was done and these were sent to customers…
Not just these. Caroline Ellison to prevent the lies they tell from being discovered stealing customers’ money He also confessed. Let’s explain it this way; FTX was an exchange and investors were depositing money into this exchange. Alameda Research was a company that gave loans through cryptocurrencies. Alameda Research customers also had the right to withdraw their money at any time. Ellison to pay Alameda Research clients Owned by FTX customers They were selling crypto assets. Of course, FTX users were not even aware of such a thing.
They sold the money in FTX users’ accounts to keep BTC below 20 thousand dollars!
One of the most important issues in the statement given by the CEO of Alameda Research was about the price of Bitcoin. Caroline Ellison says Sam Bankman-Fried’s BTC price 20 thousand dollars He admitted that he did not want it to rise above that, so they constantly sold BTC. The point is this: The BTC that was sold was not Sam Bankman-Fried’s or FTX’s. direct FTX users’ accounts BTCs were being sold.
He made plans to collapse Binance!
One of the striking confessions about Sam Bankman-Fried is the world’s largest cryptocurrency exchange. Binance related to. Caroline Ellison gave the court Sam Bankman-Fried’s personal “to do list.” One of the items on this list is was to cooperate with government officials and bring down Binance. In fact, we can say that this was successful. Because there is a dispute between Binance and the US Securities and Exchange Commission (SEC). There is currently a case pending…
Source :
https://www.nytimes.com/2023/10/11/technology/caroline-ellison-sam-bankman-fried-testimony.html