🧵 1. FTX founder Sam Bankman-Fried sentenced to 25 years in prison, based on ex-girlfriend Caroline Ellison's testimony revealing his knowledge of criminal wrongdoing. Judge cites her evidence at sentencing. #crypto
🧵 1. FTX founder Sam Bankman-Fried sentenced to 25 years in prison, based on ex-girlfriend Caroline Ellison's testimony revealing his knowledge of criminal wrongdoing. Judge cites her evidence at sentencing. #crypto
🧵 2. Ellison, an early recruit into Bankman-Fried's crypto enterprise, played a pivotal role in his conviction by providing text messages, documents, and recordings to the government. She faces lenient sentencing due to cooperation.
🧵 3. Bankman-Fried's ex, Ellison, transitioned from Wall Street to his crypto operation Alameda Research in 2017. She became a crucial witness following FTX's bankruptcy, leading to Bankman-Fried's downfall.
🧵 Read more at: https://www.cnbc.com/2024/03/28/caroline-ellison-sbf-ex-girlfriend-helped-put-ftx-founder-in-prison.html