Site icon News Update

Who Is Caroline Ellison And How Is She Involved In FTX? – SlashGear

As Business Insider reports, Ellison has done a sensible thing in response to a disaster of this nature – scrubbed her public persona off the Internet and gone silent. What we know about her comes largely from her pre-FTX life and what little of her online presence is still accessible.

A graduate of Stanford, Ellison began her career as a trader at Jane Street, the same quantitative trading company where Sam Bankman-Fried started out. Ellison was there just 19 months before Bankman-Fried recruited her for Alameda Research (via eFinancialCareers). While her initial role wasn’t clear, per Ellison and others, SBF tended to be “cagey” about details in his businesses, a habit that has since turned out poorly. She was co-CEO as of October 2021 and sole CEO after Sam Trabucco stepped down in August of this year (via CoinDesk).

From that point on, things grew eventful and complicated for both FTX and Alameda Research. Both relocated to the Bahamas, a country known for its crypto-friendly laws. Executives at both businesses had an unconventional working and personal arrangement — up to 9 high-level FTX and Alameda employees cohabited and worked from a resort on the tiny island of New Providence. Stimulants were apparently popular. SBF famously described his work regimen on Twitter as “stimulants when you wake up, sleeping pills if you need them when you sleep.” As for Ellison:

For all the latest Games News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsUpdate is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – abuse@newsupdate.uk. The content will be deleted within 24 hours.
Exit mobile version