Former FTX CEO SBF Directed Fraud, Money Laundering According to Alameda CEO Testimony
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Former Alameda CEO Caroline Ellison testified that SBF directed fraud and money laundering. Alameda allegedly took billions from FTX customers.
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Ellison claimed Alameda paid $150M to Chinese officials to regain $1B in exchange accounts.
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SBF started a $2B Alameda-funded venture fund.
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Crypto is about more than just SBF as a fallen hero or villain.
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Paradigm testimony points to investor fraud as Alameda had a $65B credit line and 'unlimited withdrawals'.
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