TechFlow reported, according to Bloomberg, that former Alameda Research CEO Caroline Ellison testified in court that when Alameda raised concerns about potential risks stemming from Genesis's unpaid loans and possible downturns in digital asset markets, SBF frequently dismissed her worries and asked her to adjust calculations to make the scenarios appear more acceptable—SBF still intended to proceed with $3 billion in venture investments. The over $600 million purchase of Robinhood shares by SBF in May 2022 was funded by Alameda; however, when public disclosure became necessary, SBF instructed that these holdings be transferred to another FTX entity, Emergent Fidelity, as he did not want them linked to Alameda. The $2 billion allocated to FTX Ventures, a venture fund launched by SBF in January 2022, originated from Alameda.
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