Ex-Alameda Research CEO revealed that Sam Bankman-Fried conspired to keep Bitcoin price below $20,000 by selling customer BTC. SBF also directed the hedge fund to dump BTC acquired from FTX customer funds to stabilize prices. Ellison also had it on her agenda to get regulators to crack down on Binance exchange. to reveal some rather interesting details about their time together. Among the latest, Ellison noted that SBF deliberately worked to stagnate Bitcoin price below the $20,000 mark.
When you were co-CEO, what did you do? Ellison: It didn't change much. Did you feel qualified? Ellison: Not really. But Sam said I should do it. I checked everything with him. He was the person I reported to. He could fire me — Inner City Press October 10, 2023 SBF had requested the court for reconsideration but judge Kaplan has rejected the application. SBF applications for reconsideration Ellison on Binance exchange The testimony has also led to the revelation that FTX had actively pushed for the regulators to clamp down on Binance exchange.