Sam Bankman-Fried, the founder of the bankrupt cryptocurrency exchange FTX, allegedly created selling pressure by using customer funds to keep Bitcoin (BTC) below $20,000.
Old Alameda Research CEO Caroline Ellison FTX founder continues to stay on the agenda with his confessions against SBF. Ellison Wednesday, October 11 given before the court on the day swore in his statementreceived from SBF in accordance with the order that he sold Bitcoins obtained from customer funds and the price To keep it under $20k consciously selling pressure He said they created it.
Insisting that he was acting in accordance with SBF’s orders, Ellison said that customer deposits were they used inappropriately He accepted.
In addition to this statement, Ellison also added that the rumors that started with the emergence of rumors that FTX would go bankrupt volatility during FTX Token (FTT) that he was buying and selling “aggressively” and that this decision given by SBF he stated.
While SBF’s trial continues, other defendants also make statements about the FTX collapse. backstage continues to be revealed slowly. ex lovers Ellison and SBF for cross-examination Thursday, October 12 He will appear in court on the day.
In his statement at the same hearing, Ellison stated that SBF was trying to cooperate with regulatory authorities to remove rival cryptocurrency exchange Binance from the market.