Caroline Ellison, the former Alameda Research CEO whose pivotal testimony helped convict Sam Bankman-Fried, has been transferred to community confinement after serving roughly 11 months of a two-year sentence. This significant development allows her to complete her term at home or in a halfway house, with her release now expected nearly nine months earlier than originally scheduled, marking a new chapter in the aftermath of the FTX collapse.
about FTX Witness Ellison Moved to Home Confinement After 11 MonthsLewis Kaplan
0 posts last weekSBF’s X Account Claims FTX Was Never Insolvent
A document circulated through Sam Bankman-Fried’s X account presents a startling counter-narrative to the established facts of FTX’s collapse, claiming the crypto exchange was never insolvent but merely experienced a temporary liquidity crisis. The 14-page defense document, echoing arguments from Bankman-Fried’s criminal trial, alleges that external lawyers prematurely forced bankruptcy while the company was on track to resolve its financial challenges. These assertions directly contradict the jury’s 2023 fraud conviction that found Bankman-Fried misappropriated $10 billion in customer funds.
about SBF's X Account Claims FTX Was Never Insolvent