Caroline Ellison, the former co-head of Sam Bankman-Fried’s hedge fund and a key witness in his trial on fraud charges related to the FTX cryptocurrency exchange’s collapse, is scheduled to retake the stand on Wednesday morning. Ellison previously testified that she was part of a multibillion-dollar conspiracy led by Bankman-Fried to defraud FTX customers, investors, and lenders.
She is one of three former members of Bankman-Fried’s inner circle who have pleaded guilty to fraud charges and agreed to cooperate with the Manhattan U.S. Attorney’s office. The trial is ongoing, and more witnesses are expected to testify. Bankman-Fried has pleaded not guilty to the charges.