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Caroline Ellison Says She Is ‘Truly Sorry’ for Her Role in FTX Collapse


A former top executive at a trading firm closely tied to FTX said she was “truly sorry” for defrauding customers, investors and lenders in pleading guilty to criminal charges stemming from the collapse of the cryptocurrency exchange last month.“I knew that it was wrong,” Caroline Ellison, the former executive, told a federal judge in Manhattan on Monday in entering her guilty plea, according to a transcript of the hearing that was unsealed on Friday.Ms. Ellison, 28, has agreed to help federal prosecutors build their case against Sam Bankman-Fried, the disgraced founder of FTX and a co-founder of Alameda Research, the trading firm that Ms. Ellison had run.Ms. Ellison made admissions that offered a glimpse into how she might be a powe …

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