Caroline Ellison (left) and Sam Bankman-Fried (right).
Caroline Ellison (left) and Sam Bankman-Fried (right).
  • Caroline Ellison held an all-hands meeting with Alameda employees where she admitted to taking FTX customer funds.
  • A few minutes were played at Sam Bankman-Fried's criminal trial Thursday.
  • We got our hands on a recording of the entire hour-long meeting.

The news came as a shock.

On November 8, 2022, Sam Bankman-Fried announced that Binance agreed to buy FTX, his competing cryptocurrency exchange, which was in the middle of melting down.