The Latest Breaking News from FTX

Sam Bankman-Fried’s former CEO and girlfriend testifies that she committed fraud with him

Ms Ellison told the court that she went along with Mr Bankman-Fried’s alleged scheme because ‘Sam told me to’

The Independent UK · Oct 11, 2023

She's the star witness against Sam Bankman-Fried. Her testimony was explosive

Caroline Ellison accused Bankman-Fried of being the mastermind behind illegal activity at FTX. Her words carry weight: She worked with him and also once dated him.

WEKU · Oct 11, 2023

Caroline Ellison says FTX founder Sam Bankman-Fried corrupted her values so she could lie and steal

Sam Bankman-Fried's former top executive has blamed the FTX founder of corrupting her values so that she could lie and steal and create false balance sheets

The Independent UK · Oct 11, 2023

FTX was a boys’ club. When Caroline Ellison asked Sam Bankman-Fried for equity in the hedge fund she ran, he said ‘it was too complicated’

The former CEO of Alameda Research had only a half-a-percentage-point stake in FTX and no equity in the crypto hedge fund she once led, she testified on Tuesday afternoon.

Fortune · Oct 10, 2023

FTX cofounder Gary Wang says he took out $200 million to $300 million in loans from Alameda Research for investments he couldn’t ‘recall’

Interest payments for the loans became so cumbersome that Wang took out a loan just to pay for them.

Fortune · Oct 10, 2023

Star witness Caroline Ellison starts testimony at FTX founder Sam Bankman-Fried's trial

The trial of FTX founder Sam Bankman-Fried has taken a star turn as his former fellow top executive and ex-girlfriend Caroline Ellison began testifying against him

The Independent UK · Oct 10, 2023

Sam Bankman-Fried’s friends sang like canaries—now comes his ex-girlfriend Caroline Ellison

The jury will likely hear about alleged corporate fraud—and Caroline’s unhappy relationship with Sam.

Fortune · Oct 10, 2023

Sam Bankman-Fried trial: ex-girlfriend says he directed her to commit crimes

Caroline Ellison, who dated Bankman-Fried for years, tells court that he gave the orders to commit $10bn in fraud

The Guardian - US · Oct 10, 2023

Will Sam Bankman-Fried take the stand? Legal experts on the pros and cons

The former FTX CEO could use his testimony to solicit empathy from the jury, but it would also leave him open to cross-examination by prosecutors.

Fortune · Oct 10, 2023

Prosecutors don’t want Bankman-Fried’s lawyers mentioning his $500 million investment in AI startup Anthropic: ‘It is immaterial’

SDNY prosecutors filed a letter Sunday requesting the judge stop any possible mention of the investment.

Fortune · Oct 9, 2023