Caroline Ellison, former CEO of Alameda Research, is testifying in the criminal trial of Sam Bankman-Fried, who is facing seven federal charges including wire fraud, securities fraud and money laundering. Ellison claims Bankman-Fried's philosophy made her "more willing to do things like lie and steal over time" and that the collapse of FTX left her feeling "relief that I didn't have to lie anymore." Her testimony is a key part of the prosecution's case against Bankman-Fried, and is expected to continue for the remainder of the week.
