[ sourced from The Verge ]
LOL this weasel is trying to play victim now?
Submitted 1 year ago by irradiated@radiation.party [bot] to technews@radiation.party
https://www.theverge.com/2023/10/10/23912036/sam-bankman-fried-ftx-caroline-ellison-alameda-research
[ sourced from The Verge ]
LOL this weasel is trying to play victim now?
This is the best summary I could come up with:
I’ve got some shitty ex-boyfriends, but none of them made me the CEO of their sin-eater hedge fund while refusing to give me equity and bragging about how there was a 5 percent chance they’d become the President of the United States, you know?
She’s already pleaded guilty to criminal charges stemming from one of the worst romantic relationships I’ve ever heard of, and her testimony was widely anticipated before the trial.
Last week Wang testified that Alameda got access to a special credit line and an option to take its balance into the negative without triggering liquidation — something he alleged other accounts at FTX didn’t get.
Ellison was hunched in on herself as she walked into the courtroom, wearing a dusty rose dress with a gray blazer over it, looking less like an executive than like a girl who’s borrowed her boyfriend’s coat because she’s cold.
Bankman-Fried felt that $1 per coin was psychologically important, Ellison said, and that he directed her to buy up FTT using Alameda if its price fell below a dollar.
Meanwhile, echoing Bankman-Fried and Ellison’s romantic relationship, FTX was keeping cozy private ties with Alameda yet publicly holding it at arm’s length.
The original article contains 1,711 words, the summary contains 199 words. Saved 88%. I’m a bot and I’m open source!
gramie@lemmy.ca 1 year ago
She seems to have been okay with him as long as the money was there.