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The jury will have an unprecedented opportunity to delve into the decision-making process that led to the significant downfall of FTX as a key witness, Ellison, with close ties to Bankman-Fried's business and personal life, cooperates with the government. Ellison, who pleaded guilty to various financial crimes relating to her time at Alameda, revealed that despite her request, she had no ownership in Alameda. Bankman-Fried reasoned that granting her a stake in the hedge fund would complicate matters. However, she did possess a small ownership interest in FTX. To safeguard loans, Ellison stated that Bankman-Fried emphasized the importance of maintaining a balanced sheet during their conversation on Tuesday. In an attempt to undermine Ellison's credibility, Bankman-Fried's defense team is scheduled to cross-examine her. During the opening statement, lead attorney Mark Cohen asserted that Ellison disregarded Bankman-Fried's instructions to hedge Alameda's trading, an action that could have mitigated the financial losses.