Who is Caroline Ellison? Is Caroline Ellison Married and Does She Have Children?
Caroline Ellison was the CEO of Alameda, but officials say Sam Bankman-Fried ran the company – WSJ. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
Who is Caroline Ellison?
Caroline Ellison, age 28, is the chief executive officer of Alameda Research, another crypto company founded by Sam Bankman-Fried that has filed for bankruptcy, like FTX. Glenn Ellison, a professor of economics at the Massachusetts Institute of Technology, is her father.
Boston-born Ellison earned a degree from Stanford University. Ellison stated in an interview about her childhood, “As a child, I was quite obsessed with Harry Potter. When the first book was published when I was three, my parents read it to me; however, when the second book was published when I was five, I refused to wait for my parents to read it and read it myself.
Ellison began her career in 2016 with the New York-based trading firm Jane Street. From 2014 to 2017, Sam also worked as a trader at Jane Street. Ellison moved to Alameda Research in 2018 and became the company’s CEO in 2021.
Reports Say Sam and Caroline Dated Occasionally
According to sources, Ellison and Sam dated on occasion while working together on the two crypto companies. Some even attribute Ellison’s rise to power within the company to her relationship with FTX’s chief executive officer. Alameda, Ellison’s company, allegedly used FTX’s customer funds without informing customers, employees, or auditors.
According to sources, the company took billions of dollars from FTX customer funds, but they underestimated the amount of money a user would have needed to cash out. The major assets of Alameda were never reported on the balance sheet, in violation of FTX’s terms of service and United States security laws.
Caroline Ellison is a Part of Sam’s Inner Circle
Caroline Ellison reportedly belongs to Sam Bankman-inner Fried’s circle. The circle consisted of ten tech professionals who resided in a luxury penthouse in the Bahamas and were responsible for the operation of FTX and Alameda.
According to some sources, the group’s internal relationships were not always business-related, and members “are or used to be in romantic relationships with each other.” A second source added, “They will do anything for one another. The entire operation was directed by a group of children in the Bahamas.”
In addition to Sam and Ellison, FTX co-founder and Chief Technology Officer Gary Wang and Director of Engineering Nirupam Singh were members of the inner circle. “Gary, Nishad, and Sam control the code, matching engine, and funds for the exchange. Who would notice if they rearranged them or inputted their own numbers? I’m not sure,” disclosed a source.
What is Alameda Research?
Sam Bankman-Fried and Tara Mac Aulay founded Alameda Research in September 2017 as a quantitative trading firm.
After a solvency crisis, Bankman-currency Fried’s exchange FTX and Alameda filed for Chapter 11 bankruptcy in November 2022.
According to an anonymous source cited by the Wall Street Journal, Alameda Research owed FTX $10 billion, with FTX lending money from customer funds to the trading firm.
As of November 2022, it is estimated that Caroline has amassed a net worth of approximately $15 million as a result of running the company.
As her wealth was tied to the now-defunct FTX, it is unclear how her net worth has been impacted.
Is Caroline Ellison Married and Does She Have Children?
Caroline Ellison is a private individual, and little is known about her personal life.
According to Coindesk’s sources, however, several members of Bankman-close Fried’s circle are or were involved in romantic relationships.
They claim that Ellison has dated the FTX CEO on multiple occasions.