Caroline Ellison desired to step down however feared a financial institution run on FTX

Caroline Ellison wasn’t doing a great job main Alameda Analysis in 2022, and she or he didn’t conceal it. Items of her private notes shared as proof by prosecutors on Sam Bankman-Fried’s trial revealed particulars in regards to the buying and selling agency’s struggles and its CEO’s want to resign weeks and months earlier than the collapse of FTX.

Ellison spent over ten hours testifying throughout Bankman-Fried’s trial this week, notably getting into via the entrance doorways of the federal courtroom in Manhattan, joined by her attorneys. Based on Ellison, she had not seen Bankman-Fried for the reason that crypto empire failed in November final 12 months. However their communication eroded even months earlier than.

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