{"id":2935542,"date":"2023-10-14T17:08:45","date_gmt":"2023-10-14T21:08:45","guid":{"rendered":"https:\/\/platoaistream.com\/plato-data\/caroline-ellison-speaks-on-ftx-binance-war-sec-wont-appeal-grayscale-btc-etf-hodlers-digest-oct-8-14\/"},"modified":"2023-10-14T17:08:45","modified_gmt":"2023-10-14T21:08:45","slug":"caroline-ellison-speaks-on-ftx-binance-war-sec-wont-appeal-grayscale-btc-etf-hodlers-digest-oct-8-14","status":"publish","type":"station","link":"https:\/\/platoaistream.com\/plato-data\/caroline-ellison-speaks-on-ftx-binance-war-sec-wont-appeal-grayscale-btc-etf-hodlers-digest-oct-8-14\/","title":{"rendered":"Caroline Ellison speaks on FTX-Binance war, SEC won\u2019t appeal Grayscale BTC ETF: Hodler\u2019s Digest, Oct. 8-14"},"content":{"rendered":"
Caroline Ellison, former CEO of Alameda Research, testified for over 10 hours this week at Sam Bankman-Fried\u2019s trial, offering deeper details on the events that anticipated the FTX debacle in November 2022. From Ellison\u2019s testimony, jurors learned that she planned to leave Alameda<\/a> months before its collapse, but feared a bank run on FTX amidst the crypto market downturn. The week also featured a recording presented as evidence<\/a> in the case showing the exact moment Ellison told employees about Alameda\u2019s use of FTX customer deposits. Among the key moments of Bankman-Fried\u2019s trial were revelations of fabricated balance sheets in order to deceive crypto lenders, as well as BlockFi CEO Zac Prince\u2019s testimony. Check out this week\u2019s highlights<\/a> from Cointelegraph\u2019s team on the ground.<\/p>\n Months before the collapse of crypto exchange FTX, former CEO Sam Bankman-Fried was \u201cfreaking out\u201d about buying shares in Snapchat, raising capital from Saudi royalty<\/a> and getting regulators to crack down on rival crypto exchange Binance, according to evidence presented in court<\/a> this week as a part of the ongoing criminal trial. Bankman-Fried believed Binance leaked an Alameda balance sheet<\/a> to the media in 2022. According to a document from Nov. 6, 2022, Bankman-Fried wrote that Binance had been \u201cengaging in a PR campaign against us.\u201d It continued, saying that Binance \u201cleaked a balance sheet; blogged about it; fed it to Coindesk; then announced very publicly that they were selling $500m of FTT in response to it while telling customers to be wary of FTX.\u201d<\/p>\nSEC reportedly won\u2019t appeal court decision on Grayscale Bitcoin ETF<\/strong><\/h2>\n