Mr. Bankman-Fried, 31, had been under house arrest at his parents’ home in Palo Alto, Calif., since he was arrested in December on fraud charges stemming from FTX’s implosion. www.nytimes.com/...People who know Ms. Ellison say they have been struck by her earnestness and her willingness to admit her own failings. Ms. Ellison is expected to repeat that assertion at Mr. Bankman-Fried’s trial, which is set to last four or five weeks. As a woman in the male-dominated crypto industry, Ms. Ellison may appear more sympathetic to the jury than the other cooperators, lawyers familiar with the case said. In interviews last year, Mr. Bankman-Fried shifted some blame for the collapse to Alameda, saying he had little involvement in the hedge fund’s day-to-day management.

Source: New York Times August 13, 2023 00:54 UTC