Ellison Sticks to Testimony Implicating Bankman-Fried Despite Defense Questioning Her Credibility at Fraud Trial

Caroline Ellison was the star prosecution witness against Sam Bankman-Fried in his fraud trial. She testified he knowingly misused billions in FTX customer funds.

Defense lawyer Mark Cohen questioned Ellison's credibility, but she largely stuck to her account implicating Bankman-Fried.

Ellison admitted sending a misleading memo about Alameda's finances to boost employee morale when crypto markets were strained.

Ellison cooperated with prosecutors after FBI agents searched her boyfriend's devices at her parents' home. She had 20 prep meetings with prosecutors.

Former Alameda employee Christian Drappi took the stand, saying he was "utterly shocked" by Ellison's descriptions of Alameda's dire finances.