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Sam Bankman-Fried Accused by Former Alameda CEO of Directing Fraud at FTX

Caroline Ellison, the former CEO of Sam Bankman-Fried (SBF)'s hedge fund, Alameda Research, has testified that the crypto mogul directed a scheme to defraud customers of his cryptocurrency exchange, FTX. Ellison's allegations painted a picture of ambition, deception, and misuse of customer funds by SBF.According to a report by Reuters, the former executive provided a detailed account of how an estimated $10 billion of FTX customer funds were allegedly misappropriated to repay debts and make inve... Read More

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Posted: Oct 10 2023, 21:53

Author Name: financemagnates

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