“Bankman-Fried relied on Ellison and he trusted her to act as the CEO and manage the day-to-day,” Cohen said in his opening statement last week. “… As the majority owner of Alameda, he spoke to Ms. Ellison, the CEO, and he urged her to put on a hedge, something that would protect against such a downturn. She didn’t do so at the time, and this also becomes an issue later on, when the storm hit.”
Crypto App MoonPay Partners With PayPal, Enables Digital Asset Buying Through PayPal
We are the first company to do this with PayPal, and it was a long process to get them comfortable,”...