Did Caroline Ellison and SBF conspire to keep Bitcoin under $20k? Explosive allegations suggest potential market manipulation at the heart of the FTX collapse.
The crypto world is reeling from accusations leveled against Sam Bankman-Fried (SBF) by Caroline Ellison, the former CEO of Alameda Research. The central question: did Caroline Ellison SBF conspire to keep Bitcoin under 20k through illicit means?
On Oct. 11, Caroline Ellison, former head of the now-defunct Alameda Research, informed a United States court that she received instructions from FTX co-founder Sam Bankman-Fried himself, allegedly directing her activities related to cryptocurrency investments and trading strategies. On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX's co-founder and former CEO regarding specific trades and market interventions.
These accusations paint a picture of potential collusion aimed at suppressing Bitcoin's price. Caroline Ellison, the former CEO of Alameda Research, has made explosive claims that Sam Bankman-Fried plotted to manipulate Bitcoin prices and keep it under the $20,000 threshold, a psychologically significant level for investors.
During the proceedings, Ellison disclosed damning conversations and documents that shed light on potential market manipulation. In one instance, she revealed a strategy allegedly devised by SBF to short Bitcoin during periods of bullish momentum, effectively capping its potential growth.
The allegations, if proven true, could have significant ramifications for SBF, Caroline Ellison, and the future of cryptocurrency regulation. The details emerging from the trial continue to unfold, promising further insights into the alleged attempts to control Bitcoin's price and the inner workings of FTX and Alameda Research.
Stay updated on the latest developments in this unfolding saga. Was there a deliberate plan from Caroline Ellison and SBF to keep Bitcoin artificially low? The court will decide.