FTX Founders' Testimony Details Deception and Lawlessness Under Bankman-Fried

Caroline Ellison testified Sam Bankman-Fried didn't believe in rules like "don't lie" or "don't steal".

Bankman-Fried directed Ellison to falsify Alameda's balance sheets to conceal $10B in customer funds.

Ellison said Bankman-Fried suggested selling FTX stake to Saudi Crown Prince and getting regulators to "crack down" on Binance.

Gary Wang testified Bankman-Fried falsely tweeted FTX was "fine" amid withdrawal surge.

Ellison and Wang are cooperating witnesses expected to testify against Bankman-Fried at fraud trial.