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TechFlow news, according to Bloomberg, Caroline Ellison, former co-CEO of Alameda Research, said that about eight months before the collapse of cryptocurrency exchange FTX, the company had a cash shortfall exceeding $10 billion.
According to a new complaint filed Thursday in the ongoing bankruptcy proceedings of FTX, Ellison made this estimate in private notes from March 2022.
Caroline Ellison, former co-CEO of Alameda Research, stated that approximately eight months before the collapse of cryptocurrency exchange FTX, the company had a cash shortfall exceeding $10 billion. According to a newly filed complaint on Thursday in FTX's ongoing bankruptcy proceedings, Ellison made this estimate in private notes from March 2022.
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