Secret Recording of Former Alameda CEO Caroline Ellison's Comments on Eve of FTX Collapse Revealed
A secret recording exposed during Sam Bankman-Fried's trial revealed Caroline Ellison and Alameda Research staff discussing the collapse of Alameda and FTX in a November 9, 2022, meeting in Hong Kong. In the recording, Ellison can be heard saying that FTX "always allowed Alameda to, like, borrow user funds, as far as I know.” Former Alameda software engineer Christian Drappi testified about the recorded meeting and described Ellison's demeanor as "sunken" and her body language as unconfident. When asked whose idea it was to plug Alameda's loan losses with FTX customer money, Ellison giggled and said, "Um, Sam, I guess.”
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00:00 It's Benzinga and here's what's on the block.
00:02 A secret recording exposed during Sam Bankman-Fried's trial revealed Caroline Ellison and Alameda
00:07 research staff discussing the collapse of Alameda and FTX in a November 9, 2022 meeting
00:11 in Hong Kong.
00:12 In the recording, Ellison can be heard saying that FTX "always allowed Alameda to borrow
00:17 user funds as far as she knew."
00:19 Former Alameda software engineer Christian Drapi testified about the recorded meeting
00:23 and described Ellison's demeanor as "sunken" and her body language as "not confident."
00:27 When asked whose idea was to plug Alameda's loan losses with FTX customer money, Ellison
00:32 giggled and said, "Sam, I guess."
00:34 For all things money, visit Benzinga.com.
00:36 [BLANK_AUDIO]