Caroline Ellison: 'Sam and I deliberately defrauded FTX and Al | ERC20 Official Crypto channel

Caroline Ellison: "Sam and I deliberately defrauded FTX and Alameda creditors"

During a public hearing in federal court in Manhattan, Caroline Ellison said that she understood the wrongness and illegality of her actions. Sam Bankman-Fried has previously stated on multiple occasions that he was unaware of the significant cash gap caused by Alameda's lending. But Allison completely denied his words:

“I knew that from 2019 to 2022, Alameda had access to the FTX line of credit. In practice, this arrangement allowed Alameda to leverage indefinitely, without the need for collateral, negative balances, and margin requirements on FTX.com's liquidation protocols,” said Alameda's former CEO.