Following the implosion of cryptocurrency exchange FTX, the world is rushing for more information about Caroline Ellison.
Ellison was the CEO of Alameda Research study, a trading company that obtained client funds from FTX to cover its losses and make dangerous bets. She was fired when FTX and Alameda Research study declared insolvency.
On December 18, Ellison struck a plea handle district attorneys in the Southern District of New york city, pleading guilty to 7 charges consisting of wire and securities scams. These charges bring an optimal sentence of 110 years in jail. According to Ellison’s plea offer, she has actually consented to offer district attorneys with proof and “honestly affirm” about the FTX implosion throughout court trials.
Till just recently, Ellison was a shadow behind the success of FTX and Sam Bankman-Fried, who was commonly considered a crypto wunderkind.
On October 10 and 11, Ellison participated in Bankman-Fried’s trial in New york city and required to the witness stand to affirm versus her ex-boss and ex-boyfriend.
Considering that FTX’s death, a Twitter account and 2 Tumblr blog sites– that consist of individual and expert information that match those of Ellison’s– have actually ended up being the web’s biggest resources on the previous CEO. They provide what might be a glance into the 28-year-old’s individual beliefs, including her ideas on cryptocurrency trading.
While Ellison’s views are definitely not a direct reflection of her work, they map onto bigger concerns of variety within the cryptocurrency market. CoinDesk, a cryptocurrency publication, kept in mind that “white males control crypto” while a 2022 research study from the Early morning Consult revealed that 62% of all cryptocurrency owners determined as white and male.
Ellison did not react to ask for remark. Here are a few of the most revealing quotes discovered on these social networks accounts.
December 22, 2022: This story has actually been upgraded to show the information of Ellison’s plea offer.
October 12, 2023: This story has actually been upgraded to show the information of Ellison’s witness statement at Bankman-Fried’s trial.
Source: Business Insider.