Posted 10/9/2023, 8:56:00 PM
Ellison Faces Scrutiny Over Role in Alleged FTX-Alameda Funds Misuse
- Ellison was CEO of Alameda Research, which allegedly received $8B in misappropriated FTX user funds
- Ellison is expected to testify that she and SBF stole money from FTX customers for Alameda investments
- Defense suggests Ellison, not SBF, is responsible for Alameda's collapse due to poor leadership
- Ellison cooperating with prosecutors in hopes of lighter sentence; defense may question drug use impacting memory
- Alameda and FTX were supposed to operate separately but FTX gave Alameda special withdrawal privileges