Fingering B-F
By 
Caroline Ellison turning states’ was obvious a serious problem for Crypto failson Sam Bankman-Fried, and it seems like her testimony is highly damning:
On Tuesday, in a packed Manhattan courtroom, the relationship between Sam Bankman-Fried and Caroline Ellison took another turn. The two faced each other for the first time since the cryptocurrency trading companies they built together, FTX and Alameda Research, collapsed in November.
Ms. Ellison, 28, took the stand for about four hours on the fifth day of Mr. Bankman-Fried’s fraud trial in federal court. She began by taking more than 10 seconds to identify Mr. Bankman-Fried when a prosecutor asked her to point him out.
Then within the first 15 minutes of her testimony, Ms. Ellison repeatedly blamed Mr. Bankman-Fried, 31, for crimes that led to FTX’s implosion. She testified that he instructed her to use FTX customer deposits to finance venture investments and loan repayments by Alameda Research, a crypto hedge fund that she oversaw for him. She said Alameda took around $14 billion, only some of which it was able to repay.
“He directed me to commit these crimes,” Ms. Ellison said, as Mr. Bankman-Fried sat across the room flanked by his lawyers.
OK, but what if I told you this was all in service of Effective Altruism? I ask you, is there any good you can really do in the world if you don’t take investor funds and deposit them straight into your own kick first?