LONDON DAILY ARCHIVE

Ellison Admits She, Bankman-Fried Misled FTX Lenders

Former Alameda Research CEO Caroline Ellison said she and FTX co-founder Sam Bankman-Fried knowingly misled lenders about how much the trading firm was borrowing from the cryptocurrency exchange. Ellison gave her first public account of her actions in a Dec. 19 plea hearing in Manhattan federal court. Ava Benny-Morrison reports on "Bloomberg Markets: The Close."

24 December 2022 · 19:02 UTC