Caroline Ellison needed 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. Excerpts from her private notes shared as proof by prosecutors in Sam Bankman-Fried’s trial revealed particulars concerning the buying and selling agency’s struggles and its CEO’s need to resign weeks and months earlier than FTX collapsed.

Ellison spent over 10 hours testifying throughout Bankman-Fried’s trial this previous week, notably getting into via the entrance doorways of america District Court docket for the Southern District of New York in Manhattan, joined by her attorneys. Ellison stated she had not seen Bankman-Fried because the crypto empire failed in November 2022, however their communication had eroded months earlier than.

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