Sam Bankman-Fried's risk appetite was so large that he would flip a coin if losing meant destroying the world, Caroline Ellison testified

• Sam Bankman-Fried said he was willing to destroy the world with a coin flip, Caroline Ellison said.
• She testified that SBF used the metaphor to illustrate his risk philosophy for Alameda investments.
• They lost a lot of money.

Imagine, if you will, a coin.

If you flip it and get heads, the entire world improves by more than double.

If you get tails, the world is destroyed.

Sam Bankman-Fried said he would flip the coin — and urged everyone else to do so, too, Caroline Ellison testified in court Tuesday.