Former Alameda CEO confirms company borrowed billions of dollars from FTX customer deposits as part of plea agreement

Caroline Ellison, former CEO of Alameda Research, said as part of her plea agreement that she was aware that FTX funds had been provided for venture capital firm investments.

In the transcript of the proceedings for her plea agreement in the Southern District of New York published on December 23, Ellison acknowledged the financial relationship between FTX and Alameda at the heart of the lawsuit. prosecutors against former FTX CEO Sam Bankman-Fried. According to the former CEO of Alameda, Alameda has access to a “lending facility” through FTX from 2019 to 2022.