Sam Bankman-Fried Caroline Ellison

Sam Bankman-Fried Caroline Ellison

Former Head of Crypto Hedge Fund Testifies Against FTX Founder

Caroline Ellison, the former head of Sam Bankman-Fried's crypto hedge fund, took the stand on Tuesday as the prosecution's star witness against the FTX founder. In a shocking revelation, Ellison told the jury that Alameda had taken a staggering $14 billion from FTX, shedding light on the alleged financial misconduct within the company.

This testimony comes as a major blow to Bankman-Fried, who has been widely regarded as a prominent figure in the cryptocurrency industry. As the founder of FTX, one of the leading cryptocurrency exchanges, Bankman-Fried's reputation and business ventures now hang in the balance.

With Ellison's insider perspective and firsthand knowledge of the alleged financial wrongdoing, her testimony is expected to play a pivotal role in the outcome of the trial. The prosecution aims to prove that Bankman-Fried was involved in fraudulent activities, jeopardizing the trust of FTX users and investors.