Sam Bankman-Fried has now pled not guilty to eight fraud-related charges. But why?
Category: FTX
There have been reports of suspicious transactions involving Alameda accounts and wallets linked to SBF.
Caroline Ellison has revealed massive fraud at FTX and Alameda Research. In her testimony, she reveals that FTX misused and comingled customer funds. Alameda Research was a knowing accomplice in this. FTX improperly “loaned” customer funds to Alameda. Alameda “loaned” money to FTX executives. FTX was further exempt from fundamental risk management protocols and prepared misleading books for investors and lenders.
Caroline Ellison and Gary Wang plead guilty over the FTX collapse FTX has been described as “worse than […]