Cryptocurrency

What we learned from Caroline Ellison’s testimony in Sam Bankman-Fried’s FTX trial

Five key takeaways to get you up to speed on a major crypto trial

image
Former girlfriend Ellison told the court the SBF had directed her to commit crimes Photo: Michael M. Santiago/Getty Images

Caroline Ellison, former CEO of Alameda Research, pointed to former boss and ex-boyfriend Sam Bankman-Fried as the person who called the shots at defunct crypto exchange FTX as well as her related company.

Saying Bankman-Fried told her to withdraw FTX customer funds to finance investments and loan repayments, Ellison said “he directed me to commit these crimes.”

WSJ Logo