Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.
NEW YORK -- Caroline Ellison, an insider to Sam Bankman-Fried’s crypto trading empire who pled guilty to helping orchestrate an alleged $8 billion fraud, has begun testifying against her ex-boyfriend and former colleague.
"I sent balance sheets at the direction of Sam that made Alameda's balances look less risky to investors," she said, also testifying Alameda had taken funds from FTX to make its own investments. Ellison took the stand Tuesday immediately following testimony from fellow insider Gary Wang, the quiet coder who last week told the court he wrote much of the programming that enabled FTX's fraud.
One area of interest was Wang saying he signed a number of promissory notes for loans worth tens of millions of dollars from Alameda.
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