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SBF’s Alameda bribe scandal worsens, and crypto lending was invalidated by a second Chinese court in a landmark ruling.
A Chinese bribe! A Saudi deal! And other secrets shared in the star witness’ testimony against SBF.
Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of FTX founder Sam Bankman-Fried, testified Wednesday that the duo bribed Chinese officials $100 million to regain access to more than $1 billion in frozen cryptocurrency so they could continue their con to cheat investors out of their money.
(Bloomberg) -- Alameda Research co-Chief Executive Officer Caroline Ellison took the stand for a second day on Wednesday in the trial of Sam Bankman-Fried, co-founder of crypto exchange FTX. Ellison, who also had an on-and-off romantic relationship with Bankman-Fried, is the most important of the government’s three star witnesses.Most Read from BloombergIsrael Latest: Israel Vows to Wipe Out Hamas as Ground War LoomsWall Street Brushes Off Hot PPI as Stocks Advance: Markets WrapIsrael Latest: Is
Michael Lewis paints an overwhelmingly positive picture of former FTX CEO Sam Bankman-Fried in his new book, "Going Infinite: The Rise and Fall of a New Tycoon."