Sam Bankman-Fried Urged Me to Commit Crimes, Said Caroline Ellison

Caroline Ellison testified against Sam Bankman-Fried, implicating him in financial crimes through their crypto trading platforms, FTX and Alameda Research.

Ellison disclosed a scheme to mislead lenders by falsifying Alameda's balance sheets and manipulating the price of FTT under Bankman-Fried's instructions.

The fraudulent activities led to a sharp downfall of FTX and Alameda, igniting a series of legal battles with charges against both Ellison and Bankman-Fried.