Former Alameda Research CEO Caroline Ellison said in court that the company, on the orders of her ex-boyfriend Sam Bankman-Fried, used more than $10 billion of FTX client funds to pay off its loans. Ellison admitted to committing the fraud with Bankman-Fried and others, and added that Alameda received between $10 billion and $20 billion from FTX into its bank account. These findings are supported by statements from FTX co-founder Gary Wang, who confirmed last week that Alameda was trading funds from FTX clients using "special privileges."