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The Latest in the SBF Trial - Caroline Ellision Edition
This week in web3 via NettyBytes
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Chat, Manage, Borrow on NettyWorth
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Here’s what has come out of the testimony from Caroline Ellision. 🛌
Around the time FTX was projected to face a cash shortfall exceeding $10 billion, Caroline Ellison reportedly awarded herself a bonus of $22.5 million, according to a lawsuit. 👋
Caroline & SBF Conspired to Keep Bitcoin Under $20k by selling customer funds. 🛀
Prosecutors reveal Caroline's to-do list included "getting regulators to crack down on Binance.
SBF tried to bribe Chinese officials with $100 Million dollars. 🧚
SBF tried to defraud Saudi Investors in their final days in business
Caroline said SBF instructed her to use FTX customer funds to repay Alameda’s lenders despite recognizing the risk.
Ellison testified that SBF wanted Alameda Research’s balance sheets to hide the customer money it had borrowed from FTX.
"When you were working at Alameda, did you commit any crimes?" the prosecution asked Ellison.
"Yes," she said. "We did."
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“The Scheme”
By artist at the trial for Ellison’s Munch, 2023.— Daila (@DailaDotEth)
1:49 AM • Oct 11, 2023
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Digital Illustrator and KHZ Studios Founder, Ruben Dario Ramirez, is set to release a forthcoming collection, 'Prime Subjects.' This collection is a segment of a broader project called, 'Lindos, an exploration of humanity and the rise of artificial intellingence.