FTX founder Sam Bankman-Fried is squarely in the highlight subsequent his arrest in the Bahamas, but notice is also centered on the whereabouts of Caroline Ellison, previous CEO of Alameda Analysis, the hedge fund carefully affiliated with FTX.
Bankman-Fried, founder of the collapsed cryptocurrency exchange, was arrested Monday pursuing prices from the U.S. Justice Office. On Tuesday the Securities and Trade Commission billed Bankman-Fried, usually identified as SBF, with committing fraud after increasing $1.8 billion from traders.
The hyperlinks concerning FTX and Alameda Research are coming less than extreme scrutiny. The cryptocurrency trade made use of customer dollars to lend billions of pounds to Alameda for risky trades and investments, the Wall Road Journal experiences. Citing FTX bankruptcy filings, the Wall Road Journal also reviews that Bankman-Fried owned 90% of Alameda Research.
Ellison is a Stanford College graduate who grew up in the suburbs of Boston, the daughter of two MIT economists, in accordance to the Wall Street Journal. Immediately after graduation, she worked at quantitative trading agency Jane Road, where by she fulfilled fellow trader Bankman-Fried.
The 28-year-old was beforehand in a romance with Bankman-Fried, studies say.
See Now: FTX founder Sam Bankman-Fried arrested with U.S. set to unseal indictment
Bankman-Fried resigned as FTX CEO on Nov.11, when the crypto exchange and its affiliate marketers filed for bankruptcy. Ellison was subsequently fired from her job at Alameda.
As the shockwaves from FTX’s collapse carry on to reverberate, Ellison’s whereabouts have come to be a matter of curiosity on social media. Alameda Investigate is primarily based in Hong Kong, as was FTX until finally its relocation to the Bahamas in 2021.
“Caroline oh Caroline wherefore art thou, oh Caroline Ellison,” tweeted one particular Twitter user on Tuesday.
“Where’s Caroline Ellison correct now? @TheJusticeDept treatment?” tweeted an additional person.
See Now: SEC prices Sam Bankman-Fried with defrauding investors in now-bankrupt FTX
The former Alameda CEO was reportedly noticed at a Manhattan coffee store earlier this thirty day period, prompting speculation that she may well be cooperating with authorities.
Ellison’s previous tweet was on Nov. 9.
Bloomberg experiences that Ellison has employed Stephanie Avakian, former director of the SEC’s Division of Enforcement, to signify her. Avakian is now chair of the securities and monetary providers department at legislation business WilmerHale.
MarketWatch has arrived at out to WilmerHale with a ask for for remark on this story.
FTX founder Sam Bankman-Fried is squarely in the highlight subsequent his arrest in the Bahamas, but notice is also centered on the whereabouts of Caroline Ellison, previous CEO of Alameda Analysis, the hedge fund carefully affiliated with FTX.
Bankman-Fried, founder of the collapsed cryptocurrency exchange, was arrested Monday pursuing prices from the U.S. Justice Office. On Tuesday the Securities and Trade Commission billed Bankman-Fried, usually identified as SBF, with committing fraud after increasing $1.8 billion from traders.
The hyperlinks concerning FTX and Alameda Research are coming less than extreme scrutiny. The cryptocurrency trade made use of customer dollars to lend billions of pounds to Alameda for risky trades and investments, the Wall Road Journal experiences. Citing FTX bankruptcy filings, the Wall Road Journal also reviews that Bankman-Fried owned 90% of Alameda Research.
Ellison is a Stanford College graduate who grew up in the suburbs of Boston, the daughter of two MIT economists, in accordance to the Wall Street Journal. Immediately after graduation, she worked at quantitative trading agency Jane Road, where by she fulfilled fellow trader Bankman-Fried.
The 28-year-old was beforehand in a romance with Bankman-Fried, studies say.
See Now: FTX founder Sam Bankman-Fried arrested with U.S. set to unseal indictment
Bankman-Fried resigned as FTX CEO on Nov.11, when the crypto exchange and its affiliate marketers filed for bankruptcy. Ellison was subsequently fired from her job at Alameda.
As the shockwaves from FTX’s collapse carry on to reverberate, Ellison’s whereabouts have come to be a matter of curiosity on social media. Alameda Investigate is primarily based in Hong Kong, as was FTX until finally its relocation to the Bahamas in 2021.
“Caroline oh Caroline wherefore art thou, oh Caroline Ellison,” tweeted one particular Twitter user on Tuesday.
“Where’s Caroline Ellison correct now? @TheJusticeDept treatment?” tweeted an additional person.
See Now: SEC prices Sam Bankman-Fried with defrauding investors in now-bankrupt FTX
The former Alameda CEO was reportedly noticed at a Manhattan coffee store earlier this thirty day period, prompting speculation that she may well be cooperating with authorities.
Ellison’s previous tweet was on Nov. 9.
Bloomberg experiences that Ellison has employed Stephanie Avakian, former director of the SEC’s Division of Enforcement, to signify her. Avakian is now chair of the securities and monetary providers department at legislation business WilmerHale.
MarketWatch has arrived at out to WilmerHale with a ask for for remark on this story.
