- SBF tried using Thai prostitute identities to access the funds.
- Caroline disclosed some intricate details about SBF unfreezing Chinese Funds.
- Caroline and SBF presented fabricated balance sheets to cover the missing funds.
In the developing FTX case, Sam Bankman Fried’s (SBF) ex-girlfriend, Caroline Ellison, the sole witness, unraveled some intriguing information at a hearing in the courtroom. On her second day of testimony, she explicitly explained the extraordinary measures that FTX under Bankman-Fried’s leadership, took to unfreeze billions of dollars worth of funds seized on exchanges, by Chinese officials in that country in early 2021.
AUSA: How much was frozen in China?Ellison: $1 billion. Sam wanted to find ways to address it.
AUSA: How were they unfrozen?
Ellison: Alameda paid a bribe to Chinese government officials
SBF: Objection, move to strike.
Judge Kaplan: I will strike that
— Inner City Press (@innercitypress) October 11, 2023
Ellison stated that she and SBF tried to trade funds off frozen accounts using Thai prostitutes’ identities, which were provided by a top executive. However, as this approach did not work SBF decided to bribe the Chi…
The post Ex-GirlFriend Unravels SBF’s Valiant Efforts to Unfreeze Chinese Funds appeared first on Coin Edition.