Caroline Ellison’s Testimony Claims SBF Directed Her to Co-Mingle Customer Funds Since 2019
The ex-Alameda CEO’s testimony details that she was fully aware from 2019 to 2022, that Alameda Research had access to a special borrowing facility that allowed the company to maintain an unlimited line of credit with zero collateral. The ‘borrowing facility,’ according to Ellison, was FTX’s customer funds.
Former Alameda CEO Confirms Firm Borrowed Billions From FTX Customer Deposits as Part of Plea Deal
Caroline Ellison, the former chief executive officer of Alameda Research, said as part of her plea deal that she was aware FTX funds had been made available for the venture capital firm’s investments.
The Сollapse of Alameda Affected the Ren Protocol
Ren Protocol warned its users about the risk of losing funds due to the shutdown of the Ren 1.0 version protocol. The shutdown was caused by funding problems due to the collapse of Alameda.
Alameda’s Caroline Ellison and FTX’s Gary Wang Hit With Additional Fraud Charges
The United States Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) have hit former Alameda Research CEO Caroline Ellison and former FTX co-founder Gary Wang with fresh fraud charges.
SEC Charges Caroline Ellison and Gary Wang With Defrauding Investors in Crypto Asset Trading Platform FTX
Investigations into other securities law violations and into other entities and persons relating to the alleged misconduct are ongoing.
Rosca Scarlato Investigates Potential Claims Against Silvergate on Behalf of FTX Customers
Rosca Scarlato LLC is investigating potential claims against Silvergate Capital Corporation ("Silvergate") on behalf of customers of FTX Crypto Exchange ("FTX") who wired fiat currency to Alameda Research ("Alameda").
Alameda Gave $400 Million to Startup Based in SBF’s Bahamian Condo Community
Alameda gave $400 million to startup based in SBF's Bahamian condo community
Modulo Capital, a relatively unknown firm that appears to have a lot in common with Sam Bankman-Fried and Caroline Ellison, received a $400 million loan from Bankman-Fried's investment firm, Alameda Research, CoinDesk first reported.
Silvergate Faces Class-Action Lawsuit Over FTX and Alameda Dealings
A class-action lawsuit against Silvergate Bank, Silvergate Capital Corporation and Silvergate CEO Alan Lane was filed at the California Southern District Court concerning accounts held by embattled crypto companies FTX and Alameda Research.
Alameda Secret Korea Account Exposed Masking Liabilities
According to Bloomberg, a secret account hid code detailing Alameda’s massive liabilities. The GitHub account was in the name of former FTX executive Nishad Singh, the report added.
BitGo Refused to Unwind $50 Million in Wrapped Bitcoin for Alameda
Digital asset custodian BitGo refused to allow Alameda Research to unwind $50 million worth of wrapped bitcoin days before the latter firm went into bankruptcy, BitGo CEO Mike Belshe said today in a Twitter Spaces hosted by crypto MakerDAO delegate and founder of Blec Report Chris Blec.
