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Alameda’s Former CEO Ellison Said She, Bankman-Fried Misled FTX Lenders

  • Ellison said Alameda Research got special treatment from FTX
  • Ex-Alameda CEO Ellison told prosecutors she knew it was wrong
Bloomberg business news
Ellison Admits She, Bankman-Fried Misled FTX Lenders
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Former Alameda Research CEO Caroline Ellison said she and FTX co-founder Sam Bankman-Fried knowingly misled lenders about how much the now-bankrupt trading firm was borrowing from the cryptocurrency exchange. 

Ellison gave her first public account of her actions in a Dec. 19 plea hearing in Manhattan federal court. “I knew that it was wrong,” she said, according to a transcript of the hearing. FTX co-founder Gary Wang also gave a statement that day.