Sam Bankman-Fried Trial: Prosecution Is Landing Its Blows With Testimony From His Inner Circle – Key Witness, Alameda CEO Ellison, Expected to Testify Tuesday
The Sam Bankman-Fried trial reconvenes tomorrow, with the key witness, Caroline Ellison, testifying for the prosecution.
So far, whether a crypto specialist, a judicial professional or a simple lay observer, the conclusions are the same: things are going very badly for the disgraced crypto-bro SBF.
The latest source of trouble for him was the testimony of FTX co-founder Gary Wang, who shared how the Alameda hedge fund was able to access an enormous credit line of customers’ funds at the exchange with his former colleague’s blessing.
CoinDesk reported:
“Prosecutors walked him through the events of the last few years (Alameda owed FTX over $100 million as far back as 2019!) but spent extra time on November 2022,
