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During the Sam Bankman-Fried trial on Wednesday, former Alameda Research CEO Caroline Ellison testified that the crypto trading firm paid Chinese officials to get their Alameda trading accounts on OKX and Huobi in China unlocked. Judge Lewis Kaplan noted that the defendant is not charged in this case with bribery of Chinese officials, and the evidence was being offered for “limited purposes to display trust and confidence” as well as “motive” between Bankman-Fried and Ellison. Bankman-Fried was CEO in 2020 when the accounts, valued around $1 billion, were frozen, ...

Caroline Ellison testified this week that Sam Bankman-Fried gave the order to bribe Chinese officials to the tune of $150 million.

The accounts were reopened to Alameda after Ellison made about $100 million to $150 million in payments of “crypto transfers” to accounts.

A Chinese bribe! A Saudi deal! And other secrets shared in the star witness’ testimony against SBF.

Sam Bankman-Fried's earlier strategy of hiring "Thai prostitutes" to make complicated crypto trades out of a frozen account didn't work, Ellison testified.