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

Caroline Ellison wasn’t doing a very good job main Alameda Analysis in 2022, and he or she didn’t cover it. Excerpts from her private notes shared as proof by prosecutors in 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 FTX collapsed.

Ellison spent over 10 hours testifying throughout Bankman-Fried’s trial this previous week, notably coming into by the entrance doorways of the US District Courtroom for the Southern District of New York in Manhattan, joined by her attorneys. Ellison mentioned she had not seen Bankman-Fried for the reason that crypto empire failed in November 2022, however their communication had eroded months earlier than.

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