Online Takes from the Ex-CEO at Alameda Research
- Caroline Ellison could spend up 110 years in prison for pleading guilty on seven charges, including fraud.
- Twitter and Tumblr accounts linked to Ellison are thought to contain thoughts about race science, gender roles, and other topics.
- These are some of the most striking quotations from these accounts.
The world is now scrambling for more information about Caroline Ellison after the collapse of cryptocurrency exchange FTX.
Ellison was the CEO at Alameda Research. This trading firm borrowed funds from FTX to cover losses and make risky trades. When FTX and Alameda Research filed for bankruptcy, Ellison was fired. bankruptcy.
On December 18, Ellison struck a plea dealSeven charges, including wire and securities fraud, were pleaded guilty by prosecutors in New York’s Southern District. These charges carry a maximum sentence that can be up to 110 years imprisonment. Ellison agreed to plead guilty to providing evidence to the prosecution and to “truthfully testify” regarding the FTX collapse during court trials.
Ellison, who was widely regarded by crypto wunderkinds as a shadow of FTX and Sam Bankman Fried, was a key to their success until very recently.
Since FTX’s demise, a Twitter account and two Tumblr blogs — that include personal and professional details that match those of Ellison’s — have become the internet’s greatest resources on the former CEO. They provide a glimpse into her personal beliefs and thoughts, including those regarding cryptocurrency trading.
Ellison’s views may not be a reflection of her work, but they do reflect larger questions about diversity in the cryptocurrency industry. CoinDesk, a cryptocurrency publication, notedCrypto is dominated by white men, while 2022 is dominated by black men studyThe Morning Consult revealed that 62% identified themselves as white and male cryptocurrency owners.
Ellison did no respond to requests for comment. These are some of our favorite quotes from social media accounts.
December 22, 2022 – This story has been updated in order to reflect Ellison’s plea agreement.
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