Former Alameda CEO Admits to Using FTX Customer Deposits To Repay Loans on Risky Investments: Report

Caroline Ellison, the former CEO of Alameda Research, says the trading firm made short-term and open-term loans worth billions of dollars to pay for its venture investments. In a transcript of her guilty plea shared by Inner City Press on Twitter, Ellison says she agreed with others to pay for the loans by borrowing from The post Former Alameda CEO Admits to Using FTX Customer Deposits To Repay Loans on Risky Investments: Report appeared first on The Daily Hodl .