Eduardo Munoz Alvarez
- Caroline Ellison testified that Sam Bankman-Fried paid millions in bribes to Chinese officials.
- Ellison said the bribes were paid in late 2021 to unlock two trading accounts.
- Alameda had accounts on two different China-based cryptocurrency exchanges, she said.
Caroline Ellison testified at Sam Bankman-Fried's criminal trial Wednesday that she believed the disgraced crypto mogul paid "in the ballpark of $100 million" in bribes to Chinese government officials.
The apparent bribes were paid, Ellison said, in late 2021 in an effort to unlock two cryptocurrency trading accounts owned by Alameda Research. Bankman-Fried owned the cryptocurrency hedge fund, and Ellison became a CEO of the company in mid-2021.