The post Caroline Ellison’s Jaw-Dropping Claims of Bribing Chinese Officials in SBF Trial appeared first on Coinpedia Fintech News
In the most salacious testimony on Wednesday, Ellison said she and a handful of FTX and Alameda executives “paid a large bribe to Chinese officials” to secure funds locked on Chinese exchanges. This is the most explosive testimony ever. She spilled more than the court could digest; however, the defense is yet to counter the Ex-CEO on her claims.
Neither FTX nor Alameda was involved in the investigation – which Ellison said involved an entity that at one point traded with Alameda and was being probed for money laundering.
A Twisted Trail: Attempted Solutions or Unconventional Tactics?
Caroline Ellison’s testimony in the trial of Sam Bankman-Fried (SBF) has unveiled a complex web of events. According to Ellison, after Chinese authorities froze approximately $1 billion in funds associated with Alameda Research on exchanges Huobi and OKX in 2021,
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