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The Guardian - US
The Guardian - US
Business
Victoria Bekiempis in New York and Dani Anguiano

Caroline Ellison says she felt ‘relief not to have to lie any more’ after FTX collapse

Caroline Ellison Sam Bankman-Fried FTX Alameda Danielle Sassoon
woman surrounded by photographers
Caroline Ellison exits court in Manhattan on Tuesday following her first day on the stand. Photograph: Andrea Renault/Zuma Press Wire/Shutterstock

On the sixth day of Sam Bankman-Fried’s fraud trial, Caroline Ellison, his ex-girlfriend and colleague, described how relief washed over her when the FTX cryptocurrency exchange collapsed.

Ellison, the former CEO of Alameda Research, the hedge fund associated with the company, broke into tears as she described FTX’s final days in testimony Wednesday. She said that, during last year’s cryptocurrency crash, Bankman-Fried directed her to illegally appropriate FTX customers’ money and lie to its many lenders.

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