Testimony Highlights Caroline's Role in Alameda and Financial Troubles

Caroline Ellison's testimony in the SPF trial revealed her significant involvement in Alameda Research and the financial troubles the company faced. She admitted that Alameda had lost a substantial amount of money in the cryptocurrency market downturn and didn't have enough liquid assets to repay billions of dollars in loans. Sam, the CEO of FTX, directed the repayment of these loans using Alameda's line of credit, which Caroline stated would be sourced from customer funds. She mentioned her constant state of stress and dread, fearing customer withdrawals and the potential harm to those affected. The prosecution's questioning focused on revealing the case against Sam and the actions taken by Alameda to manage their financial situation.