Caroline Ellison’s Diary Reveals Doubts About Leading Alameda Research
The New York Times has reviewed Caroline Ellison’s diary, which provides insights into her time as CEO of Alameda Research, owned by Sam Bankman-Fried. Here are the key points:
- Attorneys involved in the case against Bankman-Fried have shared Ellison’s diary in court.
- Ellison expressed dissatisfaction and feeling overwhelmed with her job in February 2022.
- Excerpts from the diary reveal a romantic relationship between Ellison and Bankman-Fried.
- Ellison believed that she was not well-suited to be the CEO of Alameda Research.
- When Bankman-Fried’s empire collapsed, Ellison expressed relief.
In her upcoming trial against Bankman-Fried, Ellison is set to testify along with two other coworkers. Her previous testimony alleged that Bankman-Fried instructed her to mix customer funds. It is also possible that Ellison underperformed in her role and had a negative $1.3 billion FTX margin position.
Hot Take
Caroline Ellison’s diary reveals her doubts and personal struggles while leading Alameda Research. This provides a deeper understanding of the dynamics within the now-defunct FTX cryptocurrency empire. Her upcoming testimony against Bankman-Fried will shed more light on the alleged misconduct within the company.
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