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Caroline Ellison, the former chief executive of Alameda Research, told an N.Y. court that Sam Bankman-Fried directed her to commit crimes that led up to the collapse Caroline Ellison testified that FTX co-founder Sam Bankman-Fried told her to steal money from FTX's customers and use it to repay firms that had lent money to Alameda Caroline Ellison was testifying in the trial of Mr Bankman-Fried, who is accused of fraud and money laundering. Ms Ellison said her former boss directed a risky Former FTX executive Caroline Ellison, the government's star witness against Sam Bankman-Fried, took the stand Tuesday and accused him of orchestrating fraud Then within the first 15 minutes of her testimony, Ms. Ellison repeatedly blamed Mr. Bankman-Fried, 31, for crimes that led to FTX’s implosion. She testified that he

FTX Collapse: Ellison Says Bankman-Fried Directed Her to Commit Crimes

The FTX trial has taken a dramatic turn as Caroline Ellison, the former chief executive of Alameda Research, testified against Sam Bankman-Fried, accusing him of directing her to commit crimes that ultimately led to the collapse of the cryptocurrency exchange. In a highly anticipated appearance, Caroline Ellison told an N.Y. court that Sam Bankman-Fried directed her to commit crimes that led up to the collapse, sending shockwaves through the crypto world.

Caroline Ellison testified that FTX co-founder Sam Bankman-Fried told her to steal money from FTX's customers and use it to repay firms that had lent money to Alameda. This explosive testimony alleges a deliberate and calculated effort to misuse customer funds, painting a damning picture of Bankman-Fried's involvement.

The accusations leveled by Ellison are at the heart of the fraud and money laundering charges against Bankman-Fried. Caroline Ellison was testifying in the trial of Mr Bankman-Fried, who is accused of fraud and money laundering. Ms Ellison said her former boss directed a risky investment strategy that ultimately proved unsustainable. This risky behavior, according to Ellison, was not only condoned but actively encouraged by Bankman-Fried.

Former FTX executive Caroline Ellison, the government's star witness against Sam Bankman-Fried, took the stand Tuesday and accused him of orchestrating fraud. Her testimony is considered crucial to the prosecution's case, providing an inside look into the alleged criminal activities within FTX and Alameda Research.

The implications of Ellison's testimony are significant. Then within the first 15 minutes of her testimony, Ms. Ellison repeatedly blamed Mr. Bankman-Fried, 31, for crimes that led to FTX’s implosion. She testified that he was ultimately responsible for the decisions that led to the company's downfall, placing direct blame on the FTX co-founder. As the trial continues, the world watches to see if Ellison's accusations will lead to a conviction.

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