Why did Caroline Ellison raise concerns about Alameda research's FTX line of credit?

(Justin Lane/Shutterstock) Caroline Ellison said she raised concerns about Alameda Research’s line of credit on FTX to the exchange’s founder Sam Bankman-Fried in 2022, prior to the bankruptcy. At the time, FTX was conducting an audit of its finances to appeal to potential investors.

Why did Lisa Ellison join Alameda?

Less than two years later, Ellison joined Alameda in March 2018 after meeting with Bankman-Fried, who had just launched the firm. “I decided it was too cool of an opportunity to pass up,” she said at the time. Ellison went from trading equities at Jane Street to crypto at Alameda, according to the two-year-old podcast.

Who is Caroline Ellison?

Caroline Ellison, the star witness in the trial against Sam Bankman-Fried, said the FTX founder had directed her and her ex-colleagues to steal roughly $10bn of customer deposits from the exchange, in testimony that is set to be a pillar of the government’s criminal case against the former cryptocurrency tycoon.

Who is Alameda trading?

Alameda was a quantitative trading firm founded by Sam Bankman-Fried in 2017. The company, known for aggressive trading strategies, offered crypto trading in every market and was led by CEO Caroline Ellison.