Feb 01 2024
Caroline Ellison, SBF’s ex-girlfriend, took the witness stand twice this week. Ellison, former Alameda CEO, said that while she had a business executive position at the trading firm, it was Sam who specifically directed her on how to use Alameda’s funds, move capital, and talk to institutions and investors. Ellison stated that Sam pressured her …
Oct 07 2023
FTX co-founder Gary Wang revealed more details of Alameda Research’s corrupt relationship with his exchange on Friday. Wang claimed that the function required for Alameda to steal client funds had been baked into FTX’s computer systems back in 2019. As Wang had , Alameda could withdraw unlimited funds from FTX. This feature was later exploited …