It was a wild week in crypto as an alleged insider of FTX has leaked a document revealing controversial information about former FTX employees and Alameda Research CEO Caroline Ellison’s account at FTX. Elon Musk also took some heat for suggesting that former FTX CEO Sam Bankman-Fried (SBF) likely donated much more than he had publicly acknowledged. Morgan Creek Capital CEO Mark Yusko suggested that higher-ups might use cryptocurrency to punish Democrats. Find out more about the latest issue of Bitcoin.com News Week In Review.
The Document Suggests Alameda CEO Caroline Ellison’s Account Was $1.3 Billion Negative in May 2022
In interviews with former FTX cofounders, Sam Bankman-Fried (SBF) stated that he “didn’t run Alameda” and “didn’t know the size of his role.” In a discussion from a recent meeting with The Block’s Frank Chaparro, SBF explained that auditors were looking at FTX’s corporate finances, but not at client positions or client risk. This week, an insider at FTX spoke with Bitcoin.com News anonymously and shared a document that appears to show Alameda Research CEO Caroline Ellison’s personal account in the red to the tune of $1.31 billion in May 2022.
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Elon Musk Claims Ex-FTX CEO Donated More Than $1 Billion To Democratic Causes
Tesla Chief Executive Officer and Twitter boss Elon Musk has suggested that former FTX CEO Sam Bankman-Fried (SBF) donated much more than the publicly disclosed amount to Democratic causes. His statement was met with a lot of criticism, with one person commenting that it was “so incredibly irresponsible.”
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