Although former FTX CEO Sam Bankman-Fried (SBF) has given numerous interviews, during these discussions he has repeatedly explained that he “doesn’t run Alameda” when it comes to Alameda Research. SBF was not the CEO of trading firm Alameda Research, as the business was run by Caroline Ellison, a former Jane Street trader and Stanford graduate. Ellison has been very quiet since the breakup of FTX and there is speculation that he has fled Hong Kong to live in Dubai.
Where in the world is Alameda CEO Caroline Ellison?
Sam Bankman-Fried (SBF) has mentioned several times during interviews that he does not run Alameda Research, a quantitative cryptocurrency trading firm and market maker that provides liquidity in cryptocurrency markets. “I wasn’t running Alameda,” SBF said during the Dealbook Summit interview, later stressing that he “didn’t know the extent of their position.”
SBF covers the flood zone, but shouldn’t we be hearing more about Caroline Ellison?
And Sam Trabucco, while we’re at it?
— Kevin Drum (@kdrum) November 24, 2022
“I didn’t know exactly what was going on,” he told the audience watching the SBF Dealbook Summit interview. On paper, this suggests that SBF founded Alameda Research, but it has repeatedly claimed that it is an entirely different entity from FTX, despite arguments disputing its claims. Records show that at one point, Alameda had two CEOs— Sam Trabucco and Caroline Ellison. The cryptocurrency community believes that if SBF doesn’t know what’s going on behind the scenes at Alameda, Trabucco and Ellison must have answers.
There’s nothing like regular amphetamine use to make you realize just how stupid the normal, drug-free human experience is.
— Caroline (@carolinecapital) April 5, 2021
However, Trabucco announced He said he left Alameda on August 24, 2022 and hasn’t spoken since the entire incident. The former CEO wrote a cryptic tweet on November 8, 2022, after the FTX debacle began. “Much love to everyone – I’m sure the last few days have been dark for many and I hope the road ahead is brighter,” Trabucco he said. Since Trabucco left less than three months before FTX’s collapse, Ellison was the CEO in charge.
No one has heard of Ellison, the daughter of two MIT economists. However, he tweeted about Alameda’s balance sheet following a report by Coindesk’s Ian Allison on November 2, 2022. “A few notes about the recently circulated balance sheet information: – this particular balance sheet is for a subset of our corporate company. we have institutions [more than] $10 billion in assets not reflected there,” Ellison he wrote. “The balance sheet separates some of our largest long positions; We obviously have hedges that are not listed. Given the tightening of the crypto lending space this year, we have repaid most of our loans so far,” Ellison he added.
Like Trabucco, Ellison hasn’t said anything since his last tweet and hasn’t been heard from since. While SBF does not claim responsibility for Alameda, it still holds someone responsible because it does not “run Alameda” and does not understand the positions it takes. Kim Dotcom highlighted This factor when SBF asked how people can trust SBF after he “threw his girlfriend under the bus” during a candid interview on Twitter Spaces. SBF was very upset by the question, and he told Dotcom that he thought it was “over the top”. But in all reality, if the SBF didn’t know what was going on in Alameda, then it’s clear who did.
Ellison has been covered by the media several times, but the reports only gather public information from the Internet. Furthermore, the reports were denounced as puff pieces written by the establishment. The Alameda CEO did not speak candidly in exclusive interviews with the New York Times, Good Morning America or New York Magazine and Bloomberg. While he was CEO of Alameda, no one asked SBF where he was now and what he was doing about the whole FTX/Alameda fiasco. Ellison reported He left Hong Kong and fled to Dubai, but the news has not been confirmed. Certain Gulf countries, such as the United Arab Emirates, do not have extradition treaties with the United States.
What do you think about SBF saying Alameda and Caroline Ellison don’t manage their silence on the subject? Let us know what you think about this topic in the comments section below.
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