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Caroline Ellison, an associate of Sam Bankman-Fried, will once again take the witness stand at the trial of the FTX founder, where she may be questioned regarding her cooperation with prosecutors against her former boss and romantic partner. As the former co-CEO of Bankman-Fried's cryptocurrency hedge fund, Alameda Research, Ellison has been providing testimony, exposing her involvement in a multibillion-dollar fraud scheme that prosecutors claim Bankman-Fried orchestrated through his now-defunct cryptocurrency exchange. Ellison, who assumed leadership at Alameda in 2021, revealed during her two-day testimony that the hedge fund utilized $10 billion of FTX customer funds for debt repayment and investments. Bankman-Fried's defense attorney is expected to continue cross-examining Ellison, who briefly endured questioning on Wednesday. Prosecutors allege that Bankman-Fried misappropriated billions from customer funds to support Alameda, acquire real estate, and make sizable political donations. The collapse and subsequent bankruptcy of FTX in November 2022 stunned financial markets and severely damaged Bankman-Fried's reputation. Bankman-Fried has pleaded not guilty to two counts of fraud and five counts of conspiracy, maintaining that while he made mistakes in managing FTX, he did not intend to commit theft. Ellison, a 28-year-old graduate of Stanford University, is one of the three former members of Bankman-Fried's close-knit circle who have admitted guilt to fraud charges and agreed to collaborate with the Manhattan U.S. Attorney's office. In earlier trial proceedings, Gary Wang, FTX's former technology chief, testified that Bankman-Fried disseminated false tweets in November, asserting that FTX was stable, while the exchange grappled with escalating withdrawal demands. Another witness expected to testify is Nishad Singh, FTX's former engineering chief. The trial, projected to last up to six weeks, is poised to provide further insights into the case.