Caroline Ellison was cross-examined by SBF's lawyer and the prosecutor on the Thursday trial. As reported by CoinDesk, the former Alameda Research CEO and ex-girlfriend of SBF became more comfortable in her latest court appearance.
SBF's attorney Mark Cohen once said that Ellison was to blame for the FTX collapse. However, during his cross-examination with Ellison, he didn't bring up such a point. Many of his questions were about things that Ellison had already talked about in her previous testimony.
When asking questions, assistant US Attorney Danielle Sassoon mentioned Binance CEO CZ's famous tweet from November 6 last year. At the time, CZ announced his exchange had decided to liquidate any remaining $FTT on its books. Ellison replied, saying Alameda would buy all $FTT from Binance at $22.
Sassoon asked, "In your view, did FTX collapse due to a tweet from CZ?" Ellison said the tween contributed, but "the main reason was Alameda borrowing $10 billion from FTX it couldn't repay." She also said that she didn't request or authorize the $65 billion line of credit for Alameda.
To learn more, please read: the Trial of SBF
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