Who is Caroline Ellison & Sam Bankman-fried?

Caroline Ellison wanted to make a difference. Now she’s facing prison. Caroline Ellison wanted to make a difference. Now she’s facing prison. For four years, Caroline Ellison and Sam Bankman-Fried worked together to build a crypto empire. Ellison ran the hedge fund connected to FTX, the cryptocurrency exchange Bankman-Fried founded in 2019.

What happened at FTX?

In December, Ellison herself pleaded guilty to seven offenses, including wire fraud and money laundering. Shortly after FTX went under, it was reported that she and SBF had been aware of red flags at the crypto exchange three months before its collapse.

Did Bankman-fried & Ellison date?

Bankman-Fried, Ellison and a group of their colleagues lived in a lavish penthouse in Nassau, Bahamas, worth $40 million. Employees were romantically involved with each other, and Bankman-Fried and Ellison dated at times, according to a report from crypto news outlet CoinDesk. Stimulants were part of the lifestyle.

Why did Mr Bankman-fried disclose FTX?

The disclosure raised concerns about thefinancial stability of Mr Bankman-Fried’s empire. On Nov 6, Mr Zhao announced plans to sell an enormous supply of FTT. At the time, the token was worth about US$22; if its price dropped too much, FTX would be in trouble.