Former FTX CEO Caroline Ellison Testifies Against Sam Bankman-Fried, Says They Stole Billions From Customers

Caroline Ellison, former CEO of Alameda Research, is testifying against SBF as part of a plea deal.

Ellison said she, SBF, and others committed fraud by stealing billions from FTX customer accounts.

Prosecutors say SBF used FTX and Alameda as a personal piggy bank for luxury purchases and political donations.

Ellison is considered a crucial witness in prosecutors' case against SBF.

If found guilty on all counts, SBF faces over 100 years in prison.