Former CEO, Alameda Research
Search every verified Caroline Ellison interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Caroline Ellison, the former CEO of Alameda Research, testified in the 2023 criminal trial of Sam Bankman-Fried, the founder of FTX. Ellison, who pleaded guilty to fraud and conspiracy charges, stated that Bankman-Fried directed her to commit crimes, including using FTX customer deposits to repay Alameda’s loans and creating misleading balance sheets to conceal the firm’s financial issues. She testified that Alameda borrowed around $10 billion in FTX customer funds that it had no way to repay, and that Bankman-Fried instructed a small circle of trusted advisers to use disappearing messages and avoid putting incriminating details in writing. Ellison described living in a "constant state of dread" as the situation deteriorated, and said she felt a "sense of relief" when FTX collapsed in November 2022 because she "didn't have to lie anymore." In her testimony, Ellison also stated that Bankman-Fried described himself as a utilitarian and did not believe rules like "don't lie" or "don't steal" applied to him. She said he suggested boosting FTX’s market share by getting regulators to crack down on rival exchange Binance, and that he considered selling FTX stock to investors such as the Saudi Crown Prince. Ellison’s testimony included details from an all-hands meeting she held with Alameda employees on November 9, 2022, in which she explained that the firm had borrowed funds on FTX to meet loan recalls, leading to a shortfall in user funds. She told employees that Alameda would likely wind down after repaying its creditors. Separately, in October 2025, Ellison appeared in a video series about microenterprise projects, speaking in her capacity as an associate professor at UNISA about a lawnmowing business for a person with a disability.
“The basic story here is that starting last year Alameda was kind of borrowing a bunch of money via open term loans and used to made various illiquid investments so like a bunch of FTX and FTX US equity, a bunch of like other ventures investments etc. And then with crypto being down, the crash, the like credit crunch th...”
“My current default plan is that Alameda will likely wind down once we can like repay all of our creditors and sort of wind down a bunch of our like whatever remaining obligations we have.”
“I think basically the structure was that like Alameda like kind of go negative.”
“I think like right now I feel like just getting the FTX users made whole is sort of the like number one overwhelming priority so kind of been like putting other stuff to the side.”
In this eye-opening video, we delve into the leaked audio from an all-hands meeting at Alameda Research, just prior to the ...
Source of the video: ...
Nov. 8, 2022,, sister trading firm of FTX Alameda Research CEO Caroline Ellison gathered around fifteen employees for an ...
Recording presented as evidence on the SBF trial on October 12, 2023.
#carolineellison #sambankmanfried #testimony #fraud
Sam Bankman-Fried's ex-girlfriend and business partner, Caroline Ellison, testified against him at his fraud trial for a second day Wednesday. She gave emotional new testimony. CBS News' Errol Barnett has the latest. #news #sambankmanfried #trial Each weekday morning, "CBS Mornings” co-hosts Gayle King, Tony Dokoupil and Nate Burleson bring you the latest breaking news, smart conversation and in-depth feature reporting. "CBS Mornings" airs weekdays at 7 a.m. on CBS and stream it at 8 a.m. ET on the CBS News app. Subscribe to “CBS Mornings” on YouTube: / cbsmornings Watch CBS News: ht…
The defense will cross-examine Caroline Ellison on Thursday, one day after she told the jury she helped Sam Bankman-Fried ...
A key witness in the FTX fraud trial, Caroline Ellison, testified that she was 'terrified' the truth would come out about the ...
Caroline Ellison, the former chief executive officer of Alameda Research, told a New York court that Sam Bankman-Fried told her to commit crimes that led up to the collapse of the cryptocurrency exchange FTX. Ellison identified herself on the stand Tuesday, and said that she first met Bankman-Fried when they both worked at Jane Street Group, and that the two of them later dated. When prosecutors asked her to point him out in the courtroom, she got up and said “he’s over there wearing a suit.” “He was originally the CEO of Alameda and the owner of Alameda and he directed me to commit these cr…
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