Discussion

• @innercitypress @innercitypress on x

  Ellison: We started sleeping together on and off in the summer of 2020. We dated and broke up. AUSA: What did the defendant tell you about his ambitions? Ellison: That he would be President. AUSA: Of what? Ellison: The United States.

• @spreekaway @spreekaway on x

  Unbelievable, for every $2bn a MAN embezzles, a WOMAN can only expect to embezzle $10 million.

• @spreekaway @spreekaway on x

  One of the most psychopathic things that SBF did (in an entire career of them) was his whole “JPMorgan of crypto"bailout arc in Summer 2022. In reality, he was only A) stopping his own loans from being recalled or B) trying to “acquire” new customer deposits that he could steal.

• @innercitypress @innercitypress on x

  AUSA: Were you able to convert over to fixed term loans? Ellison: Not much. AUSA: Did you tell the defendant? Ellison: Yes, I regularly updated him. He wanted to expand investments. AUSA: And if Genesis recalled the loans? Ellison: We'd borrow from FTX

• @smtuffy Sean Tuffy on x

  This must be that cutting edge risk management software that SBF apologists kept telling me was really a thing [image]

• @lastbearstandng @lastbearstandng on x

  - excluding “Sam coins” Alameda had a negative $2.7bn NAV *all the way back in 2021* when the crypto market was still booming SBF took $3bn for more “venture funding” despite a negative liquid NAV in late 2021

• @lastbearstandng @lastbearstandng on x

  - Ellison learned of massive loans from Alameda to SBF and other execs after asking around in an attempt to *create* a balance sheet for Alameda

• @lastbearstandng @lastbearstandng on x

  - FTX customer funds were always a liquidity backstop for Alameda, and were used dating back to 2020. SBF and Ellison both always planned to use customer funds to cover potential margin calls at Alameda

• @silvermanjacob @silvermanjacob on x

  Today Caroline Ellison testified that since FTX's founding, SBF saw it as a source of capital for Alameda. It was always a way to harvest customer money for his own purposes. [image]

• @0xtuba @0xtuba on x

  dress like Caroline Ellison for only $6000 [image]

• @innercitypress @innercitypress on x

  AUSA: Why did the defendant say you were having an audit? Allison: He said, to appeal to investors. AUSA: Was FTX disclosing to customers the Alameda line of credit? Judge Kaplan: Compound. Rephrase. AUSA: To auditors? Ellison: No. AUSA: Investors? Ellison: No

• @tiffanyfong_ Tiffany Fong on x

  Caroline Ellison kicked off her testimony admitting she committed financial crimes: fraud, conspiracy to commit fraud & money laundering by defrauding FTX customers & lenders to FTX & Alameda.

• @cryptofinally @cryptofinally on x

  listen boys, it doesn't matter how nice you are, it doesn't matter if you give her 20 million dollars, 50k a month, or vow never to leave her side, if she is not a ride or die, she is going to ruin your life

• @givnerariel @givnerariel on x

  The long awaited courtroom sketch of Caroline Ellison testifying against SBF at his trial. Hell hath no fury like a woman scorned. [image]

• @innercitypress @innercitypress on x

  Ellison: If a coin was tradin g for higher on Binance, we could withdraw from FTX and sell there. AUSA: Did you have concerns about Alameda using FTX customer funds? Ellison: I thought customers weren't aware of. But I was just a trader at the time

• @coffeebreak_yt Coffeezilla on x

  Caroline Ellison says Sam Bankman Fried thought he had a 5% chance of becoming President one day. Of the United States. 💀

• @caspiancey H.E. Cas Piancey on x

  A lot of people are rushing to judgement after hearing Caroline Ellison place blame squarely on the shoulders of Sam Bankman-Fried. But is that judgement misplaced? Here's why I think Sam Bankman-Fried will be declared innocent and not spend a day in prison. 🧵👇

• @innercitypress @innercitypress on x

  AUSA: Once you were at Alameda, and you discovered losses, what did the defendant tell you? Ellison: That he was sorry and would tell me more. AUSA: Did your relationship remain strictly professional? Ellison: No.

• @jameslavish James Lavish on x

  “Sam Bankman-Fried was originally the CEO of Alameda and the owner of Alameda, and he directed me to commit these crimes.” - Caroline Ellison testimony at SBF Trial Sam, meet bus.

• @caspiancey H.E. Cas Piancey on x

  This court sketch really captures the pain Caroline Ellison was feeling today. h/t @nikhileshde [image]

• @rwpusa Richard W. Painter on x

  This time we should put the scammer in the slammer before he gets to be president. Star witness Caroline Ellison says FTX founder Sam Bankman-Fried hoped to be US president someday https://apnews.com/...

• @innercitypress @innercitypress on x

  SBF VLOG 2 of Oct 10, in which Caroline Ellison rushes out of the courthouse & into a large black car - only to reemerge. Wrong car! Into a 2nd one on the other side of Worth St (Five Points), then Inner City Press stand-up. #CryptoCreeps: https://www.amazon.com/... [video]

• @innercitypress @innercitypress on x

  AUSA: When did FTX receive money into Alameda's bank accounts? Ellison: 2020. And into 2022. North Dimension was the name I was aware of. AUSA: How much FTX money got deposited with Alameda? Ellison: Ten to twenty billion dollars.

• @tiffanyfong_ Tiffany Fong on x

  SBF told Caroline Ellison that his ambition was to become President of the United States. 🤣

• @bschoolboogaloo @bschoolboogaloo on x

  Making fun of Caroline Ellison and SBF for committing actual financial crimes is fun and fair. Making fun of their appearance is low-IQ, trailer trash behavior.

• @writerbxtch @writerbxtch on x

  Caroline Ellison a stronger woman than me. Idc if the prosecution wants me looking humble, I'd need my hair and lashes done before I send my ex to prison

• @givnerariel @givnerariel on x

  One more Caroline Ellison courtroom sketch. This one featuring SBF himself! [image]

• @autismcapital @autismcapital on x

  The $10M investment that Caroline Ellison made is confirmed to be Anthropic.

• @laurashin Laura Shin on x

  Caroline Ellison, former CEO of Alameda Research and SBF's ex-girlfriend, testified, setting the stage for what looks like Ellison and Sam Bankman-Fried blaming each other for Alameda's usage of FTX customer funds to pay the trading firm's debts. https://unchainedcrypto.com/ ...

• @aditya_baradwaj Adi on x

  Caroline Ellison's compensation in 2021: $200k salary $20M bonus $10M for startup investments $100k loan to parents $2M for her donor-advised fund 0.5% equity in FTX

• @smdiehl Stephen Diehl on x

  A stark reminder of a simple truth: crypto destroys lives. Stay away. https://www.cnbc.com/...

• @innercitypress @innercitypress on x

  Ellison: FTX marketed itself as safe and well regulated. AUSA: Was it? Ellison: No. We also had a line of credit on FTX - we could withdraw coins even if we didn't have them. AUSA: Were you told the size of the line of credit? Ellison: No.

• @autismcapital @autismcapital on x

  Caroline Ellison is telling the prosecution that when she raised concerns with the fake balance sheets she was creating in the event of an audit, Sam basically told her auditors are stupid and won't even notice. 😂💀

• @silvermanjacob @silvermanjacob on x

  One conclusion I'm drawing from the SBF trial is that Alameda/FTX were very badly managed. Beyond the federal crimes. The strategy and decision making is baffling.

• @silvermanjacob @silvermanjacob on x

  Besides stealing billions from FTX customers, Alameda subsisted on billions of dollars in open term high interest loans that they got by marking up FTT and other illiquid shitcoins. They used these loans to make risky bets, give billions to FTX execs, and for VC investment.