Is Alameda research CEO Caroline Ellison worried about FTX collapse?

Earlier this month, Caroline Ellison, then the CEO of the hedge fund Alameda Research, sent a text saying she was "kinda worried that everyone is gonna quit/take time off" alongside a sweating-face emoji amid the collapse of its corporate sibling, the crypto exchange FTX, according to documents reviewed by The New York Times .

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.

Why did Caroline Ellison text FTX execs?

Caroline Ellison texted FTX execs this month, worrying that "everyone is gonna quit/take time off." It's one of many internal exchanges reviewed by The New York Times about the collapse of FTX. FTX and Alameda Research filed for Chapter 11 bankruptcy protection three days after the text.

Did Alameda owe $9 billion to FTX?

Ms. Ellison said she and Mr. Bankman-Fried had been concerned that if they gave Genesis an accurate balance sheet that showed Alameda owed $9 billion to FTX for its customer borrowing, it might become public and destabilize Alameda and FTX. At “Sam’s direction,” she said, she sent the misleading balance sheet to Genesis.