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Alameda Research was a cryptocurrency trading firm, co-founded in September 2017 by Sam Bankman-Fried and Tara MacAulay. [ 2 ] [ 3 ] In November 2022, FTX , Alameda's sister cryptocurrency exchange, experienced a solvency crisis, and both FTX and Alameda filed for Chapter 11 bankruptcy . [ 4 ]
Caroline Ellison (born November 1994) is an American business executive who was convicted of fraud in 2023 in relation to the bankruptcy of FTX.She was the CEO of Alameda Research, a trading firm affiliated with the FTX and founded by Sam Bankman-Fried. [6]
After Alameda Research went bankrupt and McCaffrey's undisclosed loans totaling $43 million were revealed in December 2022, McCaffrey resigned and Bobby Moran, then CRO of The Block, became Interim CEO in November 2022. [5] Moran said that no employee, apart from McCaffrey, knew about the loans from Alameda Research. [3]
Sam Bankman-Fried cofounded Alameda Research, a cryptocurrency trading firm, in 2017. [18] In 2019, Bankman-Fried had the idea of starting a cryptocurrency exchange to help bring in revenue to fund Alameda's activities and founded FTX. [19]
Samuel Benjamin Bankman-Fried [2] (born March 5, 1992), commonly known as SBF, [3] is an American entrepreneur who was convicted of fraud and related crimes in November 2023. . Bankman-Fried founded the FTX cryptocurrency exchange and was celebrated as a "poster boy" for crypto, [4] with FTX having a global reach with more than 130 international affiliates.
FTX Trading Ltd., trading as FTX (Futures Exchange), [5] is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund. [6] [7] The exchange was founded in 2019 by Sam Bankman-Fried and Gary Wang and collapsed in 2022 after massive fraud perpetrated by Bankman-Fried and his partner Caroline Ellison forced the company to file for Chapter 11 bankruptcy.
He joined Alameda Research in March 2019, and officially became the co-CEO in October 2021 along with Caroline Ellison. [4] The following August, Trabucco stepped down from the role and Caroline Ellison became the sole CEO of the firm. [6] [7] [8] Alameda Research purchased a 52-foot yacht for Trabucco, who named it Soak My Deck. [9]
Caroline is known for her work as the CEO of Alameda Research, a defunct cryptocurrency trading firm tied to the collapse of FTX, for which she has pleaded guilty to multiple financial crimes. [6] [7] Ellison spends time as a math coach for schoolchildren and wrote textbooks for the purpose. [4] [8]