Sam Bankman-Fried’s ex-girlfriend, Caroline Ellison, arrives at court to testify against him in court over the FTX cryptocurrency collapse
- Caroline Ellison was spotted entering Manhattan Federal Court this morning
- She dated Sam Bankman-Fried while she was CEO of Alameda Research
- She cut off all communication after their last breakup in 2022
Sam Bankman-Fried’s ex-girlfriend has arrived in court in New York to testify against him in the trial over the collapse of FTX.
Caroline Ellison was spotted entering Manhattan Federal Court this morning as she prepared to take a stand against the failed cryptocurrency king.
Ellison ran FTX’s sister company Alameda Research while the two were an item.
DailyMail.com exclusively reported how Bankman-Fried blamed his ex-girlfriend as the scale of the company’s $11 billion debt became clear. Bankman-Fried now faces federal charges in the company’s stunning collapse.
Court documents showed that the FTX founder wrote to his male colleagues that Ellison “is not a natural leader, and probably never will be.”
Caroline Ellison was spotted entering Manhattan Federal Court this morning as she prepared to take a stand against the failed cryptocurrency king
Ellison ran FTX’s sister company Alameda Research while the two were an item
Ellison and Bankman-Fried were in a professional and romantic relationship for about five years
Ellison and Bankman-Fried had a tumultuous five-year relationship with multiple breakups and reconciliations.
During their time together, Bankman-Fried sent her a list of the pros and cons of a physical relationship with him.
He told her he didn’t think they would last because of his “lack of empathy” and the fact it would be “bad PR.”
They eventually broke up in 2022 and Ellison ceased all communication.
In April of that year she wrote in her diary: ‘I felt quite hurt/rejected. Not giving you the contact you wanted felt like the only way I could regain a sense of power.”
Today she arrived at court wearing a blue baseball cap and dark sunglasses to take the stand against her former lover.
Bankman-Fried, 31, has denied 13 charges between 2019 and 2011, including bank fraud, money laundering and violations of campaign finance laws, which could see him jailed for 115 years.
Seven of the allegations are being addressed in the current trial, with the rest due to go to trial next year.
Prosecutors allege that Alameda operated as a slush fund for $8 billion in FTX client money, which was used for extravagant spending, real estate purchases and to make political donations.
Ellison pleaded guilty last December to two counts of bank fraud and several financial conspiracy charges.
It is thought that today she may be asked about blog posts she wrote in 2021 while in charge at Alameda, which referenced her polyamorous lifestyle and drug use.