SBF's ex-girlfriend's testimony: Alameda borrowed about $10 billion from FTX and falsified Alameda's balance sheet under SBF's instructions

ChainCatcher news, according to Bloomberg, Caroline Ellison, former girlfriend of Sam Bankman-Fried (SBF) and former CEO of Alameda Research, testified on the third day of SBF's criminal fraud trial that Alameda Research borrowed approximately $10 billion from FTX and loaned about $5 billion to FTX executives and affiliated entities. I was very concerned about Alameda's lenders recalling loans in June 2022. I prepared seven different spreadsheets under SBF's guidance, showing Alameda's balance sheet, including loans to FTX executives and the amounts borrowed from FTX.

Additionally, during her testimony, Caroline Ellison detailed how she worked with SBF to lie about the health of Alameda and FTX, deceiving lenders and customers. Caroline Ellison testified that she falsified Alameda's balance sheet at Bankman-Fried's direction to conceal the large amounts of money the company received from FTX customers.

Caroline Ellison also stated that the FBI had previously seized computers belonging to her mother and her new boyfriend, who also worked at Alameda and FTX. Caroline Ellison discussed this with the government in multiple meetings last December and acknowledged the criminal charges.