Bankman-Fried Trial: Defense Claims Ellison to Blame for FTX Collapse
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Former Alameda Research CEO Caroline Ellison continues testimony in Sam Bankman-Fried's fraud trial.
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Ellison wrapped up main testimony Wednesday; defense attorney Mark Cohen now gets to cross-examine.
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Cohen claims Ellison is responsible for FTX collapse by not hedging Alameda's risks.
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Prosecutors say Bankman-Fried knew about Alameda's finances and still made risky investments.
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Ellison says hedging could've helped but main issue was Bankman-Fried investing billions in illiquid assets.