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SBF and Caroline Ellison conspired to keep Bitcoin under $20K, but did it work?

boss Exchanges, News

On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX's co-founder and CEO, Sam "SBF" Bankman-Fried, to sell Bitcoin (BTC) if its price remained above $20,000. This admission came as a shock to the entire crypto industry, but

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Former Alameda Research CEO Caroline Ellison Says Sam Bankman-Fried Conspired to Keep Bitcoin Price Below $20K Using Customers’ Funds

boss Analysis

Ellison told the New York court that SBF ordered her to lie about the state of financial statements for Alameda Research to secure more loans against customers’ deposits at FTX. Details of how former crypto empire FTX and Alameda Research have emerged through the testimony from Caroline Ellison, former Sam Bankman-Fried’s

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