FTX founder Sam Bankman-Fried is squarely within the highlight following his arrest within the Bahamas, however consideration can be centered on the whereabouts of Caroline Ellison, former CEO of Alameda Analysis, the hedge fund carefully affiliated with FTX.
Bankman-Fried, founding father of the collapsed cryptocurrency alternate, was arrested Monday following expenses from the U.S. Justice Division. On Tuesday the Securities and Trade Fee charged Bankman-Fried, generally often called SBF, with committing fraud after elevating $1.8 billion from buyers.
The hyperlinks between FTX and Alameda Analysis are coming underneath intense scrutiny. The cryptocurrency alternate used buyer cash to lend billions of {dollars} to Alameda for dangerous trades and investments, the Wall Road Journal reviews. Citing FTX chapter filings, the Wall Road Journal additionally reviews that Bankman-Fried owned 90% of Alameda Analysis.
Ellison is a Stanford College graduate who grew up within the suburbs of Boston, the daughter of two MIT economists, in keeping with the Wall Road Journal. After commencement, she labored at quantitative buying and selling agency Jane Road, the place she met fellow dealer Bankman-Fried.
The 28-year-old was beforehand in a relationship with Bankman-Fried, reviews 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 alternate and its associates filed for chapter. Ellison was subsequently fired from her position at Alameda.
Because the shockwaves from FTX’s collapse proceed to reverberate, Ellison’s whereabouts have turn into a subject of curiosity on social media. Alameda Analysis is predicated in Hong Kong, as was FTX till its relocation to the Bahamas in 2021.
“Caroline oh Caroline; wherefore artwork thou, oh Caroline Ellison,” tweeted one Twitter consumer on Tuesday.
“The place’s Caroline Ellison proper now? @TheJusticeDept care?” tweeted one other consumer.
See Now: SEC expenses Sam Bankman-Fried with defrauding buyers in now-bankrupt FTX
The previous Alameda CEO was reportedly noticed at a Manhattan espresso store earlier this month, prompting hypothesis that she could also be cooperating with authorities.
Ellison’s final tweet was on Nov. 9.
Bloomberg reviews that Ellison has employed Stephanie Avakian, former director of the SEC’s Division of Enforcement, to characterize her. Avakian is now chair of the securities and monetary companies division at legislation agency WilmerHale.
MarketWatch has reached out to WilmerHale with a request for touch upon this story.
