Caroline Ellison prepared 7 different balance sheets to present to Genesis months before bankruptcy: Inner City Press | Headlines | News | CoinMarketCap

10/11/2023 22:18
Caroline Ellison prepared 7 different balance sheets to present to Genesis months before bankruptcy: Inner City Press | Headlines | News | CoinMarketCap

Sam Bankman-Fried allegedly asked Caroline Ellison to come up with different ways to hide the billions in loans on Alameda Research's balance sheets, …

Sam Bankman-Fried allegedly asked Caroline Ellison to come up with different ways to hide the billions in loans on Alameda Research's balance sheets, according to reporting from Inner City Press. 

During Oct. 11 testimonies, the former Alameda Research CEO described what she and Bankman-Fried did before meeting with Matt Ballensweig, co-head of trading and lending at the crypto lender Genesis, who had asked for updated information on Alameda's balance sheet. 

"Sam said don't sent the balance sheet to Genesis," Caroline Ellison was reported as saying. "We were borrowing $10 billion from FTX and we had $5 billion in loans to our own executives and affiliated entities. We thought Genesis might share the info."

"He told me to come up with alternative ways to present the …

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