Friday, December 23, 2022

Sam Bankman-Fried, FTX execs received billions in hidden loans, says ex-Alameda CEO

Caroline Ellison, former chief executive of Alameda Research, said she agreed with Bankman-Fried to hide from FTX's investors, lenders and customers that the hedge fund could borrow unlimited sums from the exchange, according a transcript of her Dec. 19 plea hearing that was unsealed on Friday.

from Tech-Economic Times
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