According to current allegations submitted to the court, FTX founder Sam Bankman-Fried (SBF) made various attempts for regulatory authorities to delete the cryptocurrency exchange Binance from the market.
The ongoing lawsuit of FTX founder SBF in its last act ex girlfriend and Alameda Research CEO Caroline Ellison put forward by allegations became the agenda. Ellison, SBF obsessively is Cryptocurrency exchange is among the topics presented while bringing some of the fields to the surface. to Binance opposite carried out complo initiative attracted attention.
According to the notes submitted to the court by Caroline Ellison, SBF was working for regulatory authorities to put pressure on Binance before FTX’s bankruptcy. In this way, Binance delete from the market and FTX’s cryptocurrency market increase market share He was aiming. In the submitted note, SBF is trying to beat Binance about what path you follow details were not included.
According to Ellison, SBF’s other “their madnessPopular social media application among from Snapchat buy shares and From the Saudi crown prince It involved raising capital. Likewise, no details were provided as to how many shares SBF had acquired or whether it had received funding from the prince.
In addition, SBF has previously $660 million borrowed money to BlockFi made a request for more funds. However, BlockFi did not react favorably to this request.
Ellison, SBF himself you use stated that he attempted to make changes in Alameda’s financial statements to deceive investors. you forced he stated. SBF says Ellison’s Alameda is for lendersalternativeIt was stated that he wanted him to create spreadsheets and make the company look better.
While SBF’s trial continues, other defendants also make statements about the FTX collapse. backstage continues to be revealed slowly. Cross-examination between Ellison and SBF on October 12 is planned to start.