Sam’s last stand: Bankman-Fried jury weighs duelling accounts of FTX’s downfall

Four people were in the room. That much is uncontested.

Caroline Ellison, Gary Wang, Nishad Singh and Sam Bankman-Fried sat together in June 2022 in the Bahamas office of FTX, the crypto exchange founded by Bankman-Fried and Wang, then worth $40bn. Bankman-Fried and Wang also owned Alameda, a private trading firm that Ellison ran. And on that day, Ellison feared Alameda was bankrupt.