When Sam Bankman-Fried’s defense lawyer Mark Cohen delivered his opening arguments at the FTX founder’s fraud trial on Oct. 3, he attempted to redirect the blame for the disappearance of over $8 billion in customer funds away from his client and toward Caroline Ellison. When she took the stand a week later, Ellison, who was the CEO of Bankman-Fried’s hedge fund, Alameda Research, and his on-and-off girlfriend, laid the blame squarely on him. [time-brightcove not-tgx=”true”] Bankman-Fried’s lawyers have suggested that FTX and Alameda combusted partially due to Ellison’s leadership failures and her refusal to mitigate risk, despite warnings from Bankman-Fried. “He relied on her an
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