Recently, the cryptocurrency exchange site FTX filed for bankruptcy, shocking both traders and aficionados. 130 affiliates of the FTX group are listed in the company’s Chapter 11 bankruptcy petition. Caroline Ellison, the CEO of the cryptocurrency company Alameda Research, is one particular associate who has sparked a great deal of interest among individuals.
There are even speculations going around that Sam Bankman-Fried, the former CEO and co-founder of FTX, and Ellison formerly had a romantic relationship. What is known about Bankman-alleged Fried’s ex-girlfriend is detailed below.
Who is Caroline Ellison?
Caroline Ellison was born on September 20th, 1994 in the Caribbean, has Bahamas nationality, practices Christianity, and is of Caucasian ethnicity. Caroline Ellison, the CEO of Alameda Research, another crypto firm founded by Sam Bankman-Fried that went bankrupt alongside FTX, is 28 years old.
She is the daughter of Glenn Ellison, an economist and Massachusetts Institute of Technology professor. Ellison graduated from Stanford University after being born in Boston. In an interview, Ellison said of her childhood, “I was pretty obsessed with Harry Potter as a kid.”
Meet Caroline Ellison, CEO of Sam Bankman Fried’s Alameda Research and self-described Harry Potter fan. And now you know what happened to FTX.
— Ian Miles Cheong (@stillgray) November 11, 2022
When the first book came out when I was three, my parents read it aloud to me, and when the second book came out when I was five, I refused to wait for my parents to read it, so I read it myself.” Ellison began her career at Jane Street, a New York-based trading firm, in 2016. From 2014 until 2017, Sam also worked as a trader at Jane Street. Ellison joined Alameda Research in 2018 and will take over as CEO in 2021.
Caroline Ellison’s Net Worth
Caroline Ellison’s net worth is expected to be $15 million in 2022. Prior to the latest crypto market crisis, Ellison was worth a million dollars. The majority of her cryptocurrency holdings were held on FTX exchanges. Following the crypto exchange meltdown, her fortune began to drop, making it difficult to forecast her actual value.
Reports Say Sam Bankman-fried and Caroline Dated Occasionally
According to insiders, Ellison and Sam dated on occasion while working together on the two crypto enterprises. Some even credit Ellison’s ascent to power inside the corporation to her friendship with FTX’s CEO.
Alameda, Ellison’s firm, is believed to have used FTX’s customer monies without informing the customers, workers, or auditors. According to sources, the corporation took billions of dollars from FTX customer funds; nevertheless, they misjudged the amount of money required if a user sought to cash out. The majority of Alameda’s assets were never recorded on the balance sheet, in violation of FTX’s terms of service and US security regulations.
Caroline Ellison is a Part of Sam’s Inner Circle
Caroline Ellison is claimed to be a member of Sam Bankman-inner Fried’s circle. The circle featured a group of ten tech people who lived in a fancy condominium in the Bahamas and worked behind the scenes to keep FTX and Alameda running.
According to some reports, the group’s internal ties were not always about business, and members “are, or used to be, partnered up in romantic relationships with each other.” “They’ll do everything for each other,” said another person. The entire operation was run by a group of kids from the Bahamas.”
Aside from Sam and Ellison, the inner circle comprised FTX co-founder and Chief Technology Officer Gary Wang, as well as Director of Engineering Nishad Singh. “Gary, Nishad, and Sam are in charge of the exchange’s matching engine and money.” “I’m not sure who would notice if they changed them about or entered their own numbers,” an insider disclosed.