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Former Close Allies Turn Against SBF in Ongoing Legal Battle

Published 10/09/2023, 08:22 PM
Updated 10/09/2023, 08:45 PM
Former Close Allies Turn Against SBF in Ongoing Legal Battle

  • Altcoin Daily host identifies former allies testifying against Sam Bankman-Fried in ongoing court case.

  • Among those identified are Caroline Ellison, SBF’s erstwhile co-worker and partner.

  • Ellison is set to take the stand against SBF to speak on the relationship between Alameda Research and FTX.

Several individuals have been identified in the FTX saga involving its founder and former CEO, Sam Bankman-Fried (SBF). In a recently uploaded video, the Altcoin Daily YouTube channel host identified key players in the ongoing SBF trial, starting with Caroline Ellison, SBF’s erstwhile co-worker and partner.

According to the Altcoin Daily host, Ellison was a member of SBF’s inner circle. The video presenter noted that Ellison pleaded guilty, is set to take the stand against SBF, and will speak about the relationship between Alameda Research, a cryptocurrency trading firm, and FTX, as well as the amount of FTT crypto tokens held by both companies.

Alameda Research was a sister company to FTX, as they were both founded by SBF. The company allegedly commingled funds with FTX. The allegation is that Alameda takes funds deposited in FTX by customers to leverage trad…

The post Former Close Allies Turn Against SBF in Ongoing Legal Battle appeared first on Coin Edition.

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