The trial of the SBF fraud case is underway, and Caroline Ellison, the former lover of the CEO of Alameda Research and SBF, will testify in court today. The testimony may provide the most in-depth and potentially destructive disclosure of FTX and Alameda financial transactions. Due to Ellison's close relationship with SBF and her position at Alameda, she has even become the focus of the trial before her scheduled testimony.

Prosecutors plan to use Ellison's testimony to expose alleged financial misconduct between FTX and Alameda. In contrast, SBF's defense team plans to give a negative description of Ellison, emphasizing that due to their previous romantic experience, she is considered to lack business acumen and personal motivation. Ellison's 2022 court statement has hinted at the depth of the testimony she is about to give, indicating that SBF played a central role in a plan that allegedly lost $10 billion from customers.