Caroline Ellison’s Inner Thoughts on Her Job at Alameda Research
According to leaked excerpts from her online diary, Caroline Ellison, former CEO of Alameda Research, expressed unhappiness and doubt about her suitability for the role. The diary sheds light on her troubled relationship with Sam Bankman-Fried (SBF), the founder of Alameda.
Main Breakdowns:
- Breakup Impact: Ellison’s previous breakup with SBF decreased her excitement about Alameda, as the job was associated with him.
- Troubled Relationship: Ellison felt the need to shrink and defer to others when SBF was around.
- Regaining Power: After one breakup, Ellison deliberately ghosted SBF to regain a sense of power.
- Surviving Terra’s Collapse: Alameda managed to survive Terra’s collapse, thanks to FTX’s support using customer deposits.
- Self-Doubt: Ellison expressed doubts about her abilities, feeling ill-suited for running Alameda.
Did SBF Leak Ellison’s Diary?
The Justice Department accused SBF of leaking Ellison’s diary to reporters and requested an order to prevent further release of non-public information that could interfere with a fair trial. SBF is already facing charges related to financial fraud and campaign finance violations. FTX has also sued SBF and other executives to recover lost customer assets.
Hot Take:
The leaked excerpts from Caroline Ellison’s diary provide valuable insight into her struggles and doubts while leading Alameda Research. This revelation adds another layer of complexity to the ongoing legal and financial issues surrounding Sam Bankman-Fried and FTX. It raises questions about the dynamics within the company and the impact of personal relationships on professional decisions in the crypto industry.