Caroline Ellison was cross-examined by SBF's lawyer and the prosecutor on the Thursday trial. As reported by CoinDesk, the former Alameda Research CEO and ex-girlfriend of SBF became more comfortable in her latest court appearance.
SBF's attorney Mark Cohen once said that Ellison was to blame for the FTX collapse. However, during his cross-examination with Ellison, he didn't bring up such a point. Many of his questions were about things that Ellison had already talked about in her previous testimony.
When asking questions, assistant US Attorney Danielle Sassoon mentioned Binance CEO <a target="_blank" href="https://tokeninsight.com/en/news/cz-vs-sbf-a-quarrel-that-shocks-crypto-world">CZ's famous tweet </a>from November 6 last year. At the time, CZ announced his exchange had decided to liquidate any remaining $FTT on its books. Ellison replied, saying Alameda would buy all $FTT from Binance at $22.
Sassoon asked, "In your view, did FTX collapse due to a tweet from CZ?" Ellison said the tween contributed, but "the main reason was Alameda borrowing $10 billion from FTX it couldn't repay." She also said that she didn't request or authorize the $65 billion line of credit for Alameda.
To learn more, please read: <a target="_blank" href="https://tokeninsight.com/en/news/topic/the-trial-of-sbf">the Trial of SBF</a>
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SBF Trial Day 7: CZ's Tweet Not the Main Reason for FTX Collapse, Caroline Ellison Says

TokenInsight

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