Caroline Ellison Admits She Wasn’t 'Well Suited' to Run Alameda Research - Decrypt thumbnail
Caroline Ellison Admits She Wasn’t 'Well Suited' to Run Alameda Research - Decrypt
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Caroline Ellison Admits She Wasn’t 'Well Suited' to Run Alameda Research In diary entries seen by the New York Times, Ellison also reportedly said it felt great when FTX blew up. Former Alameda Research CEO Caroline Ellison, who in December admitted fraud related to the collapse of crypto exchange F
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Caroline Ellison, the former CEO of Alameda Research, admitted in her diary that she was not well-suited to run the failed trading desk, according to court documents cited by the New York Times. Ellison, who is the ex-girlfriend of alleged fraudster Sam Bankman-Fried, also wrote that it felt great when the FTX empire collapsed. She will now be the star witness in Bankman-Fried's October trial. The NYT did not mention that Ellison's writing also discussed her fascination with race science and polyamory, nor did it mention that Bankman-Fried admitted the "ethics stuff" was mostly a front.

Top Highlights

  • Caroline Ellison Admits She Wasn’t 'Well Suited' to Run Alameda Research In diary entries seen by the New York Times, Ellison also reportedly said it felt great when FTX blew up.
  • Former Alameda Research CEO Caroline Ellison, who in December admitted fraud related to the collapse of crypto exchange FTX, said she did not feel suited to running the failed trading desk, according to a Thursday newspaper report citing her diary.  The ex-girlfriend of alleged fraudster Sam Bankman-Fried also reportedly wrote it “feels great” the...
  • Ellison, who was made CEO of collapsed Alameda Research by Bankman-Fried, will now be the star witness in her ex-lover’s October FTX trial.
  • “Running Alameda doesn’t feel like something I’m that comparatively advantaged at or well suited to do,” she wrote, according to the NYT, which cited court documents and mentioned her “Tumblr posts about Harry Potter and Jane Austen.” The NYT did not mention that Ellison’s controversial writing also talked about her fascination with race science a...
  • It also didn’t say that despite the fact Bankman-Fried and Ellison “shared a commitment to effective altruism,” a philosophy based on being as charitable as possible, Bankman-Fried later admitted that the “ethics stuff” was “mostly a front.”

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