Caroline Ellison, former CEO of Sam Bankman-Fried’s hedge fund, testified that Bankman-Fried instructed her and others to defraud FTX exchange customers. Ellison revealed Bankman-Fried’s obsession with a rivalry against Binance and his belief that he could become the US president. She also disclosed her involvement in fraud, conspiracy to commit fraud, and money laundering alongside Bankman-Fried and others.
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