Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.
Before she worked at Alameda Research, Caroline Ellison did not think she’d break the rules of morality and also accounting. Of course, this was also before her ex-boyfriend and boss Sam Bankman-Fried convinced her that such mores were worth bending for the greater good.
, a CoinDesk newsletter bringing you daily insights from inside the courtroom where Sam Bankman-Fried will try to stay out of prison. Want to receive it directly? “I didn’t want Genesis or others to know Alameda owed money to FTX,” she said. Throughout Wednesday, she repeated what that really meant: Alameda owed money to FTX’s customers. It had taken their money to help it make money to help make Sam the money he needed to help save the world.
Sitting in the courtroom hearing this, Sam – who was tapping away at his computer when Caroline later broke out in tears – shook at his highest frequency yet.
During a back-and-forth after the jury left the room, Judge Kaplan again took aim at arguments advanced by the defense. Cohen and his team asked for permission to bring up artificial intelligence firm Anthropic’s recent fundraising news , saying it speaks to questions of portfolio investing. Prosecutors objected, saying the current value of Anthropic’s stock is immaterial to whether or not Bankman-Fried misappropriated customer funds, a view Judge Kaplan agreed with.
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