Caroline Ellison says working at FTX with Bankman-Fried led her to "lie and steal"

Sam Bankman-Fried's former top executive for his crypto hedge fund says the collapse of FTX left her feeling "relief that I didn't have to lie anymore."

In emotional testimony in Manhattan federal court on Wednesday, Caroline Ellison blamed Bankman-Fried for crafting justifications for conduct that was wrong and illegal.

Ellison, the former CEO of Alameda Research, recalled Bankman-Fried's contention that he wanted to do the greatest good for the most people, and that edicts such as "don't lie" or "don't steal" had to be ignored at times.