During the trial of Sam Bankman-Fried, the founder of crypto exchange FTX, shocking revelations emerged from the testimony of former Alameda Research CEO Caroline Ellison. While Bankman-Fried was not charged with bribery, evidence was presented to demonstrate trust and motive between him and Ellison. According to Ellison’s testimony, when Bankman-Fried was CEO in 2020, accounts valued at approximately $1 billion were frozen. Bankman-Fried claimed that a colleague found a way to unfreeze the accounts, and Ellison made crypto transfers of $100 million to $150 million to reopen them, unaware that the payments were made to Chinese officials. Ellison stated that Bankman-Fried and another individual instructed her to make the payments. Before the accounts were reopened, Alameda employees explored various strategies, including involving lawyers and government officials. One employee resigned due to objections to paying bribes, and there was a heated argument between Bankman-Fried and the employee. The trial continues to uncover new details and allegations, shedding light on the actions and motivations of those involved.

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Information	Details
Geography	Asia
Countries	🇨🇳 🇹🇭
Sentiment	neutral
Relevance Score	0
People	David Ma, Caroline Ellison, Handi, Sam Trabucco, Sam Bankman-Fried
Companies	Signal, FTX, Alameda Research, Alameda
Currencies	None
Securities	None