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 day the FTX empire did finally collapse, the New York Times reported.
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 and polyamory
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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