A secret recording of an all-hands meeting from the final days of Alameda Research reveals the exact moment that Caroline Ellison told staff about the misuse of FTX deposits.
A 75-minute secretly recorded audio clip of Caroline Ellison has revealed the exact moment 15 former Alameda Research staff found out the hedge fund was “borrowing” user funds from FTX.
“We ended up like borrowing a bunch of funds from FTX, which led to FTX having a shortfall in user funds.” Select segments of the audio recording of the meeting were also played before the court on the eighth day of Sam Bankman-Fried’s criminal trial on Oct. 12, which was part of a witness testimony from Christian Drappi, a former software engineer at Alameda.following nearly three days of Ellison’s testimony
In the recording, Drappi is also overheard asking Ellison when she became aware that FTX user deposits were being misused by Alameda, and who else at the company had known about it.
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