Ethereum News Daily TheBitTimes.com

At a glance Caroline Ellison’s highly-anticipated testimony kicked off on Tuesday, the first day of the second week of Sam Bankman-Fried’s criminal trial. Ellison appeared upbeat and calm, even cracking a joke here and there. Her testimony claimed that Bankman-Fried instructed her to commit fraud. FTX co-founder Gary Wang concluded cross-examination, which included the defense highlighting that some directives were signed by Ellison instead of Bankman-Fried. Caroline Ellison ’s testimony in the trial of Sam Bankman-Fried got into full swing today in downtown Manhattan. Perhaps the star witness of the trial, her mini-celebrity contributed to a festival atmosphere around the courthouse after a muted first week.  YouTube fraud-buster Coffeezilla viewed the trial from an overflow room alongside Sam-whisperer Tiffany Fong. Ellison’s testimony was so highly anticipated that several young New York crypto industry professionals had also come to watch her. Ellison...

As former FTX’s CEO Sam Bankman-Fried is on his way to the U.S., his colleagues are cooperating with the investigation against them. Earlier today, U.S. Attorney Damian Williams announced that the FTX co-founder Gary Wang and the ex-CEO of Alameda Research, Caroline Ellison pleaded guilty in the Southern District of New York. Statement of U.S. Attorney Damian Williams on U.S. v. Samuel Bankman-Fried, Caroline Ellison, and Gary Wang pic.twitter.com/u1y4cs3Koz — US Attorney SDNY (@SDNYnews) December 22, 2022 Elaborating on the latest development, Attorney Williams said, “Let me reiterate a call that I made last week. If you participated in misconduct at FTX or Alameda, now is the time to get ahead of it. We are moving quickly, and our patience is not eternal.” Ellison reportedly pleaded guilty to seven counts: conspiracy to commit wire fraud on customers of FTX , wire fraud on customers of FTX , conspiracy to commit wire fraud on lenders of Alameda R...