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Home » UPDATE 1-Sam Bankman-Fried trial: scenes from Caroline Ellison’s time on the stand

UPDATE 1-Sam Bankman-Fried trial: scenes from Caroline Ellison’s time on the stand

    When star witness Caroline Ellison first took the stand on Tuesday at Sam Bankman-Fried's fraud trial, she needed longer than previous witnesses to point out the 31-year-old former billionaire – her onetime boss and boyfriend – at the defense table. That may have been because the indicted founder of now-bankrupt cryptocurrency exchange FTX, once known for his mop of unkempt curly locks and trademark shorts and T-shirts, had trimmed his hair and donned a suit for his trial on charges of stealing from FTX customers to prop up his Alameda Research hedge fund. On Wednesday, Ellison – who ran Alameda – grew emotional in describing why she wrote Bankman-Fried a message on social media in November 2022 as FTX and Alameda were collapsing, saying she was relieved because she did not need to lie anymore.

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