Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal

by Aurelia Butler 24 December 2022, 20:40 189 Views

In a transcript of proceedings for her plea deal in the Southern District of New York released on Dec. 23, Ellison acknowledged the financial ties between FTX and Alameda at the center of prosecutors’ case against former FTX CEO Sam Bankman-Fried. According to the former Alameda CEO, Alameda had access to a “borrowing facility” through FTX from 2019 to 2022.

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Source: Cryptocurrency - investing.com

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Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal

SBF sent home, FTX heads plead guilty, and Binance gets Voyager assets: Hodler’s Digest, Dec. 18-24

LastPass attacker stole password vault data, showing Web2’s limitations

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