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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] Ellison was terminated from her position after FTX and Alameda filed for bankruptcy. [7]
FTX's in-house legal and compliance teams had, for the most part, resigned by 10 November. [59] [60] Anonymous sources cited by the Wall Street Journal on 10 November said that Alameda Research owed FTX some $10 billion, as FTX had lent funds placed on the exchange for trading to Alameda so that Alameda could make investments with the money. [61]
‘It might be time for Alameda Research to shut down’ According to Wang, FTX’s inner circle of Bankman-Fried, Wang, Singh, and Alameda CEO Caroline Ellison were aware of the grave problem ...
Ellison, Bankman-Fried’s former girlfriend and the former CEO of FTX’s hedge fund arm, Alameda Research, was sentenced to 2 years in prison after she pleaded guilty to seven federal counts of ...
Caroline Ellison, former CEO of Alameda Research and FTX executie, leaves court in New York, New York, on Thursday, Oct. 12, 2023. / Credit: Stephanie Keith/Bloomberg via Getty Images
FTX Trading Ltd., commonly known as FTX (short for "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 ...
When FTX collapsed in November 2022 — and Ellison admitted to her Alameda Research employees that they had taken money from the exchange's customers — above all she felt relief, she said.