The star witness in the trial of Sam Bankman-Fried arrived at a New York federal court on Tuesday where she is expected to give damning evidence against the one time crypto wunderkind.
Caroline Ellison, Bankman-Fried's former business partner and girlfriend, is expected to give key testimony that will describe how he committed fraud on a massive scale.
In November 2022, his cryptocurrency exchange platform imploded, unable to cope with massive withdrawal requests from customers panicked to learn that some of FTX's funds had been committed to risky operations by Alameda Research, Bankman-Fried's personal hedge fund. She is expected to give details on how the Alameda investment company used the FTX platform to cover massive losses, even as Bankman-Fried was assuring clients that their money was safe.
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