Crypto news today: Sam Bankman-Fried Crypto scams confess by FTX executive

[Cryptocrit]

Former FTX Executive Caroline Ellison Alleges Sam Bankman-Fried Guided Her Toward Committing Fraud



Caroline Ellison is a former FTX executive. She told the court that Sam Bankman-Fried, the founder and the CEO of FTX, told her to do bad things like fraud. She admitted to doing these bad things last year and is now helping the government. She said FTX took a lot of money, around $14 billion, and some of it was paid back.

"He directed me to commit these crimes," Ellison  — who last year agreed to a deal with prosecutors in which she pleaded guilty to charges including wire fraud, securities fraud and commodities fraud — told the court.
https://www.cryptocrit.xyz/2023/10/former-ftx-executive-caroline-ellison.html

[i love Lukaku]

What specific actions did Sam Bankman-Fried allegedly guide Caroline Ellison to take that constitute fraud? Are there any pieces of evidence or witnesses supporting these claims?

[I Am Duck]

The allegations made by Caroline Ellison against Sam Bankman-Fried are serious and raise concerns about the ethical conduct within the cryptocurrency industry, particularly within a prominent exchange like FTX.

[Uchiha Kisame]

How will these allegations and the court case impact FTX's reputation and operations, and what steps is the exchange taking to address this situation and prevent similar issues in the future?

[Lion Mane]

 It's important to remember that allegations do not equal guilt, and individuals are entitled to a fair trial and due process. Sam Bankman-Fried should be given the opportunity to respond to these allegations and present his side of the story.

[NineCoTen]

It's crucial that any instances of fraudulent activities within the cryptocurrency industry are thoroughly investigated and addressed. Maintaining trust and integrity within the crypto space is vital for its continued growth and adoption.

[Joseph Lee]

Former FTX Executive Caroline Ellison Alleges Sam Bankman-Fried Guided Her Toward Committing Fraud



Caroline Ellison is a former FTX executive. She told the court that Sam Bankman-Fried, the founder and the CEO of FTX, told her to do bad things like fraud. She admitted to doing these bad things last year and is now helping the government. She said FTX took a lot of money, around $14 billion, and some of it was paid back.

"He directed me to commit these crimes," Ellison  — who last year agreed to a deal with prosecutors in which she pleaded guilty to charges including wire fraud, securities fraud and commodities fraud — told the court.
https://www.cryptocrit.xyz/2023/10/former-ftx-executive-caroline-ellison.html

I listened to a podcast on this topic today, sad to see the rabbit hole just keep getting  deeper. SBF is gonna be gone after this. Its all over.