Caroline Ellison’s work with cryptocurrencies took a surprising turn in November 2022, when she found herself in the middle of a financial storm. As the CEO of the well-known quant trading company Alameda Research, Ellison’s actions were closely watched. This led to the collapse of the well-known cryptocurrency exchange FTX.
In this article, we will talk about Caroline Ellison’s life and work, the arguments about her net worth, and what the Alameda Research fraud means.
Caroline Ellison’s Net Worth
Caroline Ellison used to be a top boss at a company called Alameda Research that dealt with cryptocurrencies. According to research from September 2023, She had $20 million as her net worth. This company was started by Sam Bankman-Fried, who later faced problems.
In 2022, a big financial problem hit Alameda and many other crypto companies, including a big one called FTX that Sam also ran. Because of this, FTX, which was once worth over $30 billion, lost all its money. There are claims that FTX gave $10 billion of its customers’ money to Alameda to cover a big loss.
Later in 2022, Caroline admitted to doing some illegal things, like fraud and moving money wrongly. Before the companies crashed, she took $22.5 million from Alameda for herself and called a part of it her “bonus.”
Take a look at down below post:
BREAKING: Sam Bankman-Fried’s ex-girlfriend, Caroline Ellison, has plead guilty to fraud and conspiracy charges and is cooperating with federal prosecutors.
— ALX 🇺🇸 (@alx) December 22, 2022
Caroline Ellison’s Early Life
Ellison was born in Boston in 1994, and he grew up in Cambridge and Newton. She is the oldest of Glenn and Sara Fisher Ellison’s three girls. Both of them are economists at MIT. She was introduced to economics and math at a young age. In elementary school, she learned Bayesian statistics and competed in different math contests.
She got a National Merit Scholarship and finished at Newton North High School in 2012. She went to the International Linguistics Olympiad in 2011 to represent the US. She got an honorable mention and a prize for “best solution.”
She then went to Stanford University and got a bachelor’s degree in math in 2016. Three years in a row, she was one of the top 500 kids in the Putnam Competitions. She also became interested in effective altruism, a trend in philanthropy that is based on data, and was the vice president of the effective altruism club at Stanford.
Caroline Ellison’s Career and Achievements
During her time at Stanford, Ellison did two internships at Jane Street, a proprietary trading company in New York City. There, she got her start in quantitative trading. In September 2016, she started working full-time as an equity trader at Jane Street.
She was part of a group that was led by Sam Bankman-Fried, who left the company a year later to become the director of development at the Centre for Effective Altruism in Berkeley, California. In 2018, Bankman-Fried started FTX, a cryptocurrency market that lets people trade derivatives and tokens that could be used to borrow money.
He also started a trading company called Alameda Research, which helped FTX and other crypto sites with liquidity and market making. Ellison was one of the first people he hired at Alameda, and she worked her way up to become the CEO.
As the CEO of Alameda, Ellison was in charge of a team of traders who, without the customers’ knowledge or permission, reportedly used FTX customer funds to make speculative bets on different crypto assets. In November 2022, the Wall Street Journal said that an unnamed source said that Alameda Research owed $10 billion to FTX.
Here’s my take
The romantic/sexual relationship FTX Sam has with Caroline Ellison
She made Alameda Research lose $10 billion
Sam used the money from FTX users to bailout Caroline/Alameda
He was horny, his sexual desires took over his logic
If it was a dude, he had to resign pic.twitter.com/nc3pfY7vIQ
— Romano (@RNR_0) November 11, 2022
The person said that FTX had given the trading company money that was paid for by FTX customers. After FTX and Alameda filed for bankruptcy in December 2022, Ellison was let go from her job. She admitted to two counts of wire fraud, two counts of plotting to commit wire fraud, plotting to commit securities fraud, and plotting to launder money.
She could go to jail for up to 20 years on each count of wire fraud and conspiracy to commit wire fraud, for up to 25 years on each count of securities fraud conspiracy, and for up to 10 years on each count of money laundering conspiracy. As part of her plea deal, she also decided to give up $500 million.
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Caroline Ellison’s Personal Life
Former workers of both Alameda and FTX say that Ellison and Bankman-Fried were in a relationship. She says she is a polyamorist, and he and eight other people are said to have lived with her in a luxury apartment in the Bahamas.
Caroline Ellison Age
Caroline Ellison is an American former business leader and quantitative trader, according to a web search. She was born in November 1994. As of 2023, she is either 28 or 29 years old, based on exactly when she was born. She used to run Alameda Research, a trading company that was part of the FTX bitcoin exchange.
Caroline Ellison Height
Based on what I found when I did a web search, Caroline Ellison is 5 feet and 5 inches (165 cm) tall.
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