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FTX's Sam Bankman-Fried's ex-Caroline Ellison to take stand

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The collapse of Sam Bankman-Fried's cryptocurrency exchange FTX has led to an increased focus on the role played by Alameda Research and its CEO Caroline Ellison, also SBF's former gal pal, in the firm's implosion.

The trial over the collapse of cryptocurrency exchange FTX and its founder Sam Bankman-Fried begins its second week. The star witness, who is expected to take the stand either Tuesday or Wednesday, is his former girlfriend, Alameda Research CEO Caroline Ellison. Alameda, the sister cryptocurrency firm to FTX, may have had a back door to withdraw billions in customer funds, according to The Wall Street Journal.

Ellison tweeted last year, "Nothing like regular amphetamine use to make you appreciate how dumb a lot of normal, non-medicated human experience is." In October 2021, Ellison was named co-CEO of Alameda with Sam Trabucco. She became CEO in August 2022 when Trabucco announced on Twitter he was stepping down from the role. Trabucco said leading Alameda alongside Ellison had been "difficult and exhausting and consuming," but added that he would "stay on as an advisor.

 

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