Caroline Ellison

Trader at Alameda Research

Caroline Ellison is a notable figure in the cryptocurrency sector, primarily recognized for her role as the CEO of Alameda Research, a trading firm closely linked to the now-defunct cryptocurrency exchange FTX. Born around 1994, Ellison graduated from Stanford University with a degree in mathematics. She began her career in quantitative trading at Jane Street, where she first met Sam Bankman-Fried, the founder of both Alameda and FTX.1 2

Career at Alameda Research

Ellison joined Alameda Research in March 2018, shortly after its founding by Bankman-Fried. Initially serving as a trader, she quickly ascended to leadership roles, becoming co-CEO alongside Sam Trabucco in October 2021 and later the sole CEO in August 2022 when Trabucco stepped down.1 2 3 Under her leadership, Alameda was involved in high-risk trading activities that ultimately contributed to the firm's and FTX's collapse in late 2022.

Legal Troubles and Sentencing

Following the bankruptcy of FTX and Alameda Research, Ellison faced serious legal repercussions. In December 2022, she pleaded guilty to multiple charges, including conspiracy to commit wire fraud and money laundering. Her cooperation with authorities was significant; she became a key witness against Bankman-Fried during his trial.1 4 On September 24, 2024, Ellison was sentenced to two years in prison for her involvement in the fraud scheme that misappropriated billions from customers of FTX.2 4

Personal Life and Public Perception

Ellison's relationship with Bankman-Fried has been a topic of public interest, as they were reportedly involved romantically at various points. Their shared commitment to "effective altruism"—a philosophy aimed at using wealth for philanthropic purposes—has also been highlighted throughout their careers.3 5 Despite her early recognition on Forbes' "30 Under 30" list, Ellison's reputation has since been marred by her involvement in one of the largest financial scandals in recent history.1 2

In summary, Caroline Ellison's trajectory from a promising trader to a central figure in a major financial scandal illustrates both the rapid rise and fall that can occur within the volatile cryptocurrency industry.