Caroline Ellison continues her testimony, stating that Sam's ethical compass revolved around maximizing utility for the greater good, rather than adhering to traditional moral principles. She disclosed how this philosophy led to bending and breaking rules, including fraudulent practices, which ultimately contributed to the downfall of Alameda and FTX, affecting lenders, investors, and customers, while also highlighting the personal toll and emotional impact of these actions.
Link to story: Chinese Bribes, Thai Prostitutes and an End to the Lies: Caroline Ellison’s Explosive Second Day of Testimony Against Sam Bankman-Fried
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