Why did Caroline Ellison leave FTX?

Caroline Ellison leaves federal court in Manhattan after testifying during the trial of former FTX CEO Sam Bankman-Fried on Oct. 10. Ellison said Bankman-Fried was the main decision-maker and steered her to transfer funds from cryptocurrency exchange FTX to Alameda Research, a financial firm she headed.

Who is Alameda research CEO Caroline Ellison?

Alameda Research CEO Caroline Ellison is a math whiz who loves Harry Potter, fringe political philosophy and taking big risks. She is also one of the supporting players in Sam Bankman-Fried's FTX catastrophe.

Did Alameda Company dip into FTX User funds?

Ms. Ellison is at the center of the furor. In a meeting with Alameda employees the week that the companies imploded, Ms. Ellison acknowledged her company had dipped into FTX user funds, The New York Times and The Wall Street Journal have previously reported.

Did Alameda research owe $10 billion to FTX?

According to an anonymous source cited by The Wall Street Journal in November 2022, Alameda Research owed $10 billion to FTX. The source said FTX had lent the trading firm money from customer funds at FTX. Ellison was terminated from her position after FTX and Alameda filed for bankruptcy.