Caroline 'Lady Crypto' Ellison and the role behind the FTX collapse



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Caroline 'Lady Crypto' Ellison and the role behind the FTX collapse

Caroline Ellison, CEO of Alameda Research, behind the FTX crash? Caroline has been in the shadows moving the ranks of the game. Her role seems to have been decisive in the affair, according to some US and British media. Caroline, daughter of economists at the Massachusetts Institute of Technology, captain of the mathematics team at Newton North High School, and Harry Potter fan, studied mathematics at Stanford University, and here she enters the elite circuit of longtermism, where speculative ideas and futuristic that tech billionaires find intellectually exciting.

After college, Carolione is hired by the Jane Street trading company. Here she meets Sam Bankman-Fried. Thus it was that she too entered the world of crypto. Bankman-Fried asked Ellison to join him to work at his new cryptocurrency trading firm, Alameda Research.

In 2019 Bankman-Fried founds Ftx, Ellison becomes the CEO of Alameda Research and enters the Forbes Under 30 ranking.

Caroline Lady Crypto Ellison and the role behind the FTX collapse

Bankman-Fried admitted that it used billions of dollars from FTX clients to fund ultra-risky investments of Caroline Ellison's trading firm, Alameda Research.

Customers simply lent money to Alameda in exchange for an annual return of at least 15% on the loan, promising to be able to pay back the money they lent whenever they had even a slightly negative month. It wasn't true. The collapse, however, takes place on November 2 when the Coinbase portal publishes a report that cast shadows on Bankman-Fried's affairs.

The lenders, worried, begin to withdraw investments, the first withdrawals are successful and then stop. Simply because the money ran out. Ftx and Alameda have estimated more than 100,000 creditors and liabilities of between $ 10 and $ 50 billion.

Caroline Ellison, aged 8, wrote an economics article to analyze the prices of Toys R Us stuffed animals, while at 27 she posted on Tumblr that the se*ual revolution was a mistake, women are better suited to raising children than to make a career in trading.