Citing ‘people familiar with the video’, the WSJ reports that Alameda employees held a video conference late Wednesday Hong Kong time, in which 27-year-old Alameda CEO Caroline Ellison (also known as @carolinecapital) said that she, Bankman-Fried and two other FTX executives, Nishad Singh and Gary Wang, were aware of the decision to send customer funds to Alameda.
Singh was FTX’s director of engineering and a former Facebook employee. Wang, who previously worked at Google, was the chief technology officer of FTX and co-founded the exchange with Mr. Bankman-Fried.
Ellison said on the call that FTX used customer money to help Alameda meet its liabilities, the people said, assuring the 27-year-old teenager-lookalike of a lengthy prison sentence.
Meet Caroline Ellison, CEO of Sam Bankman Fried's Alameda Research and self-described Harry Potter fan. And now you know what happened to FTX. pic.twitter.com/DXiG4nkaHH
— Catch Up (@CatchUpNetwork) November 11, 2022