Caroline Ellison, former head of Alameda Research, admitted to cheating investors about the amount the firm borrowed from the collapsed FTX crypto exchange, and she did so in collusion with FTX co-founder Sam Bankman-Freed. Bloomberg.
“From 2019 to 2022, I knew that Alameda had access to a line of credit on FTX.com, a cryptocurrency exchange managed by Bankman-Fried. com allowed access to an unlimited line of credit without any collateral, negative balance and margin requirements in liquidation protocols.
He admitted that he had committed the deception by colluding with Sam Bankman-Freed. It is assumed that Allison, one of the key participants in the case, made this statement as part of a settlement regarding the investigation.
It has been learned that Sam Bankman-Fried, the founder and former CEO of the previously bankrupt cryptocurrency exchange FTX, will go bankrupt. has been returned in the USA.
On December 13, it was learned that the former head of FTX was detained in the Bahamas at the request of the United States. The man was detained in the Bahamas based on a classified indictment prepared by the Southern District Attorney’s Office of New York.
The Financial Times later wrote that investors had withdrawn nearly $1.5 billion from the world’s largest cryptocurrency exchange, Binance. This happened against the backdrop of traders’ fears of a possible investigation into the company due to the collapse of another crypto exchange, FTX.