Ellison testimony reveals FTX plan for a regulatory "crack down" on Binance
Former Alameda Research CEO Caroline Ellison testified in court that FTX founder and former CEO Sam Bankman-Fried sought a regulatory "crack down" on crypto exchange Binance. Ellison revealed this information during Bankman-Fried's fraud trial, where he is accused of perpetrating a massive financial fraud that left FTX investors and creditors missing billions of dollars.