Caroline Ellison: SBF used Alameda funds to purchase $600 million in Robinhood shares and transferred them to another entity of FTX to avoid public disclosure

ChainCatcher news, according to Bloomberg, former Alameda Research CEO Caroline Ellison testified in court that SBF often dismissed her concerns about the potential dangers Alameda faced due to unpaid loans from cryptocurrency lending firm Genesis and the potential downturn in digital asset markets, and asked her to adjust calculations to make these situations more palatable, as SBF still hoped to proceed with a $3 billion venture investment.

Additionally, the over $600 million stake in Robinhood purchased by SBF in May 2022 was paid for by Alameda, but when it came time to publicly disclose the acquisition, SBF requested to transfer these shares to another FTX entity, Emergent Fidelity, because he did not want to be associated with Alameda; the $2 billion in the venture fund FTX Ventures launched by SBF in January 2022 came from Alameda.