Caroline Ellison, the former CEO of hedge fund Alameda Research and ex-lover of the defendant Sam Bankman-Fried (SBF) was on direct examination for th
Caroline Ellison was on direct examination for the third straight day, with questions on whether she and SBF used coded language. Ellison said $1 billion dollars in FTX funds were frozen on two Chinese exchanges. SBF pushed for the bribe to recover funds, which was made through the accounts of Thai sex workers as a precaution.
To do so, they went through one David Ma, hatching a rather perfect bribery plan. For the funds to be released, up to $150 million in bribes was paid to Chinese government officials, but for precaution, they money was deposited in the accounts if Thai sex workers. Another FTX staff named Handi Yang, daughter to a Chinese government official had opposed the bribe, according to Ellison.
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