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Ellison Confesses She, Bankman-Fried Deceived FTX Lenders

In a recent plea hearing in federal court in Manhattan, former CEO of Alameda Research, Caroline Ellison, disclosed that she and Sam Bankman-Fried, the co-founder of FTX, were fully aware that they provided false information to lenders regarding the extent of the trading company’s borrowing from the digital currency exchange.

Ava Benny-Morrison presents the details on “Bloomberg Markets: The Close.”

#ftx #bitcoin #crypto

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