Caroline Ellison, The Crypto Master Involved in the Ftx Bankruptcy and How She Became the Queen of Alameda Research

There’s a name that’s been bouncing around the web at every latitude in recent weeks. Is this who Caroline Ellisondetermined by the media Mrs. Krypto. She is one of the main characters in Ftx breakdown. But what led to the collapse of the cryptocurrency empire? Everything seems to be running smoothly. Caroline and Bankman Fried, the founders of Ftx, lived in a dream resort in the Bahamas where they enjoyed free love and drug use and dreamed of changing the world with artificial intelligence. however Something is wrong.

Who is Caroline Ellison – Caroline Ellison, 28, has always been a bit of a nerd with clever ideas. As she herself has told in some interviews, she joined Wall Street immediately after graduating from Stanford University in 2016. While working at Jane Street Capital, she met Sam Bankman Fried, who shared her fascination with “altruism.” Effective, a movement that applies scientific evidence and reason to determine the most effective ways to improve the world. In 2018, he asked her to follow him on a project for a new cryptocurrency business, Alameda Research. She accepts, well aware that it was a “leap into the unknown”. In 2019 he founded Sam FTXand become Caroline Alameda Research Queen. For a while, everything worked great, and FTX got a rating $32 billion. But this month, everything collapsed in a matter of days.

Reasons for the collapse – The reason for the great crash was the fact that, as reconstructed in a report in the Wall Street Journal, Bankman Fried and his followers used client money in their proprietary activities. Which means that At least 10 billion Ftx were transferred to Alameda and then ended up in the pockets of the team buying luxury items, including dream villas. It is estimated that Caroline Ellison and Bankman-Fried have She spent $121 million on homes in the Bahamas, they spent long nights based on drugs, video games, vegan foods, and woven polyamorous relationships. “Nothing like regular amphetamine use to make you appreciate how stupid the normal non-prescription human experience can beEllison tweeted in 2021. However, when a cryptocurrency from the Ftx archipelago lost value to the point of prompting subscribers to demand invested funds, the patatrac occurred. In fact, Ftx no longer owned those funds and Bankman-Fried was forced to seek court protection. The fall catastrophically: Ftx and Alamada Research both declared bankruptcy and Lady Crypto was fired.