Viewing a response to: @leothreads/leothread-2024-09-13-05-28
🧵 1. FTX's Caroline Ellison faces sentencing for her involvement in the collapse of a crypto exchange. Set for September 24th based on court filings. #crypto
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🧵 4. Bankman-Fried, found guilty in 2023, received a lengthy prison term for defrauding investors and mismanaging customer funds.
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🧵 2. Ellison, former FTX exec and girlfriend of co-founder Sam Bankman-Fried, testified against him in a high-profile case, claiming he urged crimes to be committed.
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🧵 3. New filings reveal Ellison seeks to redact info about supporters and her personal situation to avoid harassment risks.
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🧵 Read more at: https://dailyhodl.com/2024/09/12/ftxs-caroline-ellison-to-be-sentenced-this-month-for-role-in-collapse-of-crypto-exchange-court-documents/
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| created | 2024-09-13 10:19:51 | ||||||
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🧵 5. Ellison disclosed that FTX funds were funneled to Alameda Research for risky crypto bets, hindering customer withdrawals from the exchange.
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| created | 2024-09-13 10:19:45 | ||||||
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