News Explorer — Caroline Ellison Testifies That FTX Used Accounts of Thai Prostitutes in an Attempt to Recover Funds
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Caroline Ellison Testifies That FTX Used Accounts of Thai Prostitutes in an Attempt to Recover Funds
In her testimony, ex-Alameda Research CEO Caroline Ellison revealed that collapsed crypto exchange FTX attempted to recover frozen funds by using accounts registered to Thai prostitutes. Ellison also claimed that Alameda, a failed crypto trading firm, borrowed customer funds and had its funds frozen by the Chinese government. Despite efforts to unfreeze the funds, including sending crypto assets to wallets believed to belong to Chinese officials, the attempts were unsuccessful.
In her testimony, ex-Alameda Research CEO Caroline Ellison revealed that collapsed crypto exchange FTX attempted to recover frozen funds by using accounts registered to Thai prostitutes. Ellison also claimed that Alameda, a failed crypto trading firm, borrowed customer funds and had its funds frozen by the Chinese government. Despite efforts to unfreeze the funds, including sending crypto assets to wallets believed to belong to Chinese officials, the attempts were unsuccessful.
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