Sam Bankman-Fried Trial Continues

USA – After more than nine hours of testimony over two days, Caroline Ellison, the most important witness in the government’s case against Sam Bankman-Fried, broke down as she described the final days of the crypto empire she helped build.

Through tears, she told jurors she had an “Overwhelming feeling of relief” because the moment she’d been dreading had finally come. She didn’t have to lie any more, she said, though she still felt “Indescribably bad” about the people “We betrayed.”

Earlier in the day, Ellison described how she distributed “Dishonest” balance sheets to lenders that concealed billions of dollars in funds that had been siphoned from FTX customer accounts.

Bankman-Fried could face 110 years in prison if convicted and given the maximum sentence.