Testimony Reveals Accusations Against Sam Bankman-Fried in Cryptocurrency Fraud Case

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Testimony Reveals Accusations Against Sam Bankman-Fried in Cryptocurrency Fraud Case

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Sam Bankman-Fried's former girlfriend, Caroline Ellison, confronted him in court on Tuesday during a trial where Bankman-Fried is facing criminal fraud charges related to the disappearance of $8 billion from his bankrupt cryptocurrency exchange. Ellison accused Bankman-Fried of stealing billions from FTX customer funds and blamed him for their failed relationship, citing emotional distance and lack of attention. She revealed that they dated on and off from 2020 to 2021 and described the awkwardness of their romantic and professional relationship, as Bankman-Fried was also her boss. Ellison also disclosed that Bankman-Fried denied her request to own a portion of Alameda, the crypto hedge fund he created, and made major decisions without disclosing the use of FTX customer funds. Other former insiders, including FTX co-founder Gary Wang and former FTX developer Adam Yedidia, have also testified against Bankman-Fried.