Caroline Ellison wanted to withdraw but feared a bank run on FTX

Ancient Alameda CEO Caroline Ellison recognized She was not TO DO A GOOD job month Before THE business deposit For bankruptcy, but Sat Bankman-Fried persuaded her has rest.

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Caroline Ellison was not TO DO A GOOD job leading Alameda Research In 2022, And She did not hide he. Pieces of her staff Remarks sharing as evidence by prosecutors on Sat Bankman-Fried's trial revealed details about THE trade the company struggles And It is CEO desire has resign weeks And month Before THE collapse of FTX.

Ellison spent on ten hours bear witness during Bankman-Fried's trial This week, notably enter through THE in front doors of THE federal court In Manhattan, joined by her Lawyers. According to has Ellison, She had not seen Bankman-Fried Since THE crypto Empire failed In November last year. But their communication eroded even month before.

In April 2022, their romantic relationship came has A END, And Caroline begin avoid meetings with Bankman-Fried, even However they always lived In THE even luxurious apartment In THE Bahamas. The Alameda growth Liabilities with FTX And THE to break up do her consider exit Alameda.

"I feel link Neither Trabuco neither I to have has been TO DO A great job of push on thing," She wrote In THE document has Bankman-Fried, sharing as evidence during her cross-examination by her defense lawyer.

A more Caroline Ellison courtroom sketch.

This A with SBF himself! https://t.co/q3O6xqxEhl pic.twitter.com/cQJbj5V1H7

— Ariel Donor, Esq. (@GivnerAriel) October 11, 2023

Bankman-Fried request her has stay, saying that her departure could create rumors about The Alameda financial health, Thus harm FTX credibility. Ellison stayed as CEO.

Ellison joined Alameda as A Trader In 2018. By 2020, She was handling most of THE the society the operations, while Bankman-Fried w...