Alameda engaged with a few accountants in 2021 to 2022, but after those firms reviewed Alameda’s books, “they found they couldn’t or wouldn’t do it,” Ellison said, as she faced questions from Cohen. Former FTX Digital Markets CEO Ryan Salame initially prepared Alameda’s balance sheets, but at some point, Ellison took over this task, she testified.

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Author: Nikhilesh De, Elizabeth Napolitano, Sam Kessler, Helene Braun

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