Former FTX CEO Ellison Testifies Bankman-Fried Directed Her to Lie, Steal from Customers

Caroline Ellison, former CEO of Alameda Research, testified that Sam Bankman-Fried corrupted her values so she would lie and steal.

Ellison got emotional describing FTX's collapse, saying she felt relieved not to lie anymore.

Ellison said Bankman-Fried directed her to misuse FTX customer funds to solve Alameda's problems.

Ellison testified Alameda paid over $100 million in bribes to Chinese officials to release frozen funds.

Ellison doctored balance sheets to hide Alameda borrowing billions from FTX customers before its collapse.