US vs. Sam Bankman-Fried Trial Highlighted Fraudulent Activity
The US vs. Sam Bankman-Fried trial garnered plenty of market interest. Prosecution witnesses, including Gary Wang, Caroline Ellison, and Zac Prince, took the stand.
Gary Wang, co-founder of FTX, and Caroline Ellison, former CEO of Alameda Research, gave testimony as part of plea agreements with the US Department of Justice.
Gary Wang acknowledged committing crimes at FTX along with Nishad Singh, Caroline Ellison, and SBF. Significantly, Wang admitted FTX permitted Alameda to withdraw unlimited funds.
Caroline Ellison, former girlfriend of SBF, also delivered damning testimony. Under direct…
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