Caroline Ellison testified today in the trial regarding the bankrupt cryptocurrency exchange FTX. There were interesting moments in the hearing.

Ellison, who is the ex-girlfriend of Sam Bankman-Fried, the co-founder and CEO of FTX, said that SBF directed her to the crimes she committed.

Ellison also said that SBF told him that he would become the president of the United States. The dialog that surprised the courtroom was as follows:

Ellison: In the summer of 2020, we started sleeping together, and then we dated and then we broke up.

What did the defendant tell you about his ambitions?

Ellison: That he would be president.

President of what?

Ellison: Of the United States.

Ellison also said that if the price of a coin is higher on Binance, they withdraw it from FTX and sell it there. The former CEO of Alameda stated that they do this with customers’ money.

According to Ellison, Bankman-Fried wanted to buy back Binance’s $2 billion stake in FTX in the summer of 2021, thinking that Binance could cause problems for FTX.

Ellison also said that they call cryptocurrencies like Solana, which SBF did not create but played a big role in promoting, “Sam coins”. She said Alameda is a major holder of Sam coins.

Image credit: Stephanie Keith/Bloomberg via Getty Images