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Whereas the previous FTX CEO Sam Bankman-Fried (SBF) has achieved quite a few interviews, throughout these discussions he’s defined on quite a few events that so far as Alameda Analysis is anxious, he “wasn’t operating Alameda.” SBF wasn’t the CEO of the buying and selling agency Alameda Analysis because the job was dealt with by Caroline Ellison, a former Jane Avenue dealer and Stanford graduate. Ellison has been tremendous silent since FTX’s collapse and there’s been hypothesis that she fled Hong Kong to reside in Dubai.
The place within the World Is Alameda’s CEO Caroline Ellison?
Throughout Sam Bankman-Fried’s (SBF) interviews he famous on a number of events that he didn’t run Alameda Analysis, the quantitative cryptocurrency buying and selling agency and market maker that supplied liquidity in cryptocurrency markets. Throughout his Dealbook Summit interview, SBF said “I wasn’t operating Alameda,” and he additional stressed he “didn’t know the scale of their place.”
SBF is getting flood-the-zone protection, however should not we be listening to much more about Caroline Ellison?
And Sam Trabucco, whereas we’re at it?
— Kevin Drum (@kdrum) November 24, 2022
“I didn’t know precisely what was occurring,” SBF instructed the viewers watching the Dealbook Summit interview. On paper, it exhibits that SBF based Alameda Analysis, however he claimed on a number of events that it was a very completely different entity than FTX, regardless of the arguments that dispute his claims. Knowledge exhibits that at one level Alameda had two CEOs — Sam Trabucco and Caroline Ellison. The cryptocurrency neighborhood assumes that if SBF didn’t know what was occurring behind the scenes at Alameda, Trabucco and Ellison should have solutions.
nothing like common amphetamine use to make you admire how dumb plenty of regular, non-medicated human expertise is
— Caroline (@carolinecapital) April 5, 2021
Trabucco, nevertheless, announced on Aug. 24, 2022, that he was leaving Alameda and he has not been talking for the reason that complete incident went haywire. The previous co-CEO did write a cryptic tweet on Nov. 8, 2022, after the FTX’s calamity began. “A lot like to everybody — I’m positive the previous few days have been darkish for a lot of and I hope the street forward is brighter,” Trabucco said. Since Trabucco left lower than three months previous to FTX’s collapse, Ellison was the CEO left in cost.
Nobody has heard from Ellison, the daughter of two MIT economists. Nevertheless, she did tweet about Alameda’s steadiness sheet after the report Coindesk’s Ian Allison revealed on Nov. 2, 2022. “A couple of notes on the steadiness sheet data that has been circulating just lately: – that particular steadiness sheet is for a subset of our company entities, now we have [more than] $10B of property that aren’t mirrored there,” Ellison wrote. “The steadiness sheet breaks out a couple of of our greatest lengthy positions; we clearly have hedges that aren’t listed. Given the tightening within the crypto credit score house this yr we’ve returned most of our loans by now,” Ellison added.
Like Trabucco, Ellison has not stated a peep after her final tweets and nobody has heard from her since. Whereas SBF is just not taking duty for Alameda as a result of he “wasn’t operating Alameda” and didn’t notice the positions it held, it nonetheless leaves somebody accountable. Kim Dotcom highlighted this issue throughout SBF’s candid interview on Twitter Areas when he requested how might individuals belief SBF after he “threw his lover beneath the bus.” SBF was very irritated by this query, and he instructed Dotcom that he thought it was “f***ed up.” However in all actuality, if SBF didn’t know what was occurring at Alameda, then it’s fairly apparent who did.
Ellison has been lined by the media on a number of events, however the stories are solely gathering public data from the online. Additional, the stories have been condemned as puff items written by the institution. The Alameda CEO has not spoken candidly with the New York Instances, Good Morning America, or exclusive interviews with New York Journal and Bloomberg. Whereas she was the CEO of Alameda nobody’s requested SBF the place she is correct now, and what she is doing about all the FTX/Alameda fiasco. Ellison reportedly left Hong Kong and fled to Dubai, however stories are unconfirmed. Particular Gulf nations just like the United Arab Emirates should not have extradition treaties with the US.
What do you consider SBF saying he didn’t run Alameda and Caroline Ellison’s silence on the topic? Tell us what you consider this topic within the feedback part under.
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