Ellisonβs testimony was crucial in the conviction of Sam Bankman-Fried, as she provided detailed accounts of how he directed her and others to misappropriate FTX customer funds.
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Yes, Ellison cooperated extensively with prosecutors, meeting with them around 20 times and testifying against Sam Bankman-Fried during his trial.
Besides Ellison, Nishad Singh and Gary Wang, two other former FTX executives who cooperated with prosecutors, are awaiting sentencing in October and November, respectively.
At the peak of his career during the cryptocurrency boom, Sam Bankman-Friedβs net worth was estimated at $26 billion according to Forbes.