{"id":15084,"date":"2022-12-02T20:37:04","date_gmt":"2022-12-02T20:37:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/while-the-ftx-co-founder-claims-he-wasnt-running-alameda-sbf-is-asked-why-he-threw-caroline-ellison-under-the-bus-bitcoin-news\/"},"modified":"2022-12-02T20:37:04","modified_gmt":"2022-12-02T20:37:04","slug":"while-the-ftx-co-founder-claims-he-wasnt-running-alameda-sbf-is-asked-why-he-threw-caroline-ellison-under-the-bus-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/while-the-ftx-co-founder-claims-he-wasnt-running-alameda-sbf-is-asked-why-he-threw-caroline-ellison-under-the-bus-bitcoin-news\/","title":{"rendered":"While the FTX Co-Founder Claims He ‘Wasn\u2019t Running Alameda,’ SBF Is Asked Why He Threw Caroline Ellison ‘Under the Bus’ \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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While the former FTX CEO Sam Bankman-Fried (SBF) has done numerous interviews, during these discussions he\u2019s explained on numerous occasions that as far as Alameda Research is concerned, he \u201cwasn\u2019t running Alameda.\u201d SBF wasn\u2019t the CEO of the trading firm Alameda Research as the job was handled by Caroline Ellison, a former Jane Street trader and Stanford graduate. Ellison has been super silent since FTX\u2019s collapse and there\u2019s been speculation that she fled Hong Kong to reside in Dubai.<\/strong><\/p>\n

Where in the World Is Alameda\u2019s CEO Caroline Ellison?<\/h2>\n

During Sam Bankman-Fried\u2019s<\/a> (SBF) interviews he noted on several occasions that he did not run Alameda Research, the quantitative cryptocurrency trading firm and market maker that provided liquidity in cryptocurrency markets. During his Dealbook Summit interview, SBF stated \u201cI wasn\u2019t running Alameda,\u201d and he further stressed<\/a> he \u201cdidn\u2019t know the size of their position.\u201d<\/p>\n

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SBF is getting flood-the-zone coverage, but shouldn’t we be hearing a lot more about Caroline Ellison?<\/p>\n

And Sam Trabucco, while we’re at it?<\/p>\n

\u2014 Kevin Drum (@kdrum) November 24, 2022<\/a><\/p>\n<\/blockquote>\n

\u201cI didn\u2019t know exactly what was going on,\u201d SBF told the audience watching the Dealbook Summit interview. On paper, it shows that SBF founded Alameda Research, but he claimed on several occasions that it was a completely different entity than FTX, despite the arguments that dispute his claims. Data shows that at one point Alameda had two CEOs \u2014 Sam Trabucco<\/a> and Caroline Ellison<\/a>. The cryptocurrency community assumes that if SBF didn\u2019t know what was going on behind the scenes at Alameda, Trabucco and Ellison must have answers.<\/p>\n

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nothing like regular amphetamine use to make you appreciate how dumb a lot of normal, non-medicated human experience is<\/p>\n

\u2014 Caroline (@carolinecapital) April 5, 2021<\/a><\/p>\n<\/blockquote>\n

Trabucco, however, announced<\/a> on Aug. 24, 2022, that he was leaving Alameda and he has not been speaking since the whole incident went haywire. The former co-CEO did write a cryptic tweet on Nov. 8, 2022, after the FTX\u2019s calamity started. \u201cMuch love to everyone \u2014 I\u2019m sure the past few days have been dark for many and I hope the road ahead is brighter,\u201d Trabucco said<\/a>. Since Trabucco left less than three months prior to FTX\u2019s collapse, Ellison was the CEO left in charge.<\/p>\n

\"While<\/p>\n

No one has heard from Ellison, the daughter of two MIT economists. However, she did tweet about Alameda\u2019s balance sheet after the report<\/a> Coindesk\u2019s Ian Allison published on Nov. 2, 2022. \u201cA few notes on the balance sheet info that has been circulating recently: \u2013 that specific balance sheet is for a subset of our corporate entities, we have [more than] $10B of assets that aren\u2019t reflected there,\u201d Ellison wrote<\/a>. \u201cThe balance sheet breaks out a few of our biggest long positions; we obviously have hedges that aren\u2019t listed. Given the tightening in the crypto credit space this year we\u2019ve returned most of our loans by now,\u201d Ellison added<\/a>.<\/p>\n

Like Trabucco, Ellison has not said a peep after her last tweets and no one has heard from her since. While SBF is not taking responsibility for Alameda because he \u201cwasn\u2019t running Alameda\u201d and didn\u2019t realize the positions it held, it still leaves someone responsible. Kim Dotcom highlighted<\/a> this factor during SBF\u2019s candid interview on Twitter Spaces when he asked how could people trust SBF after he \u201cthrew his lover under the bus.\u201d SBF was very annoyed by this question, and he told Dotcom that he thought it was \u201cf***ed up.\u201d But in all reality, if SBF didn\u2019t know what was going on at Alameda, then it is quite obvious who did.<\/p>\n

Ellison has been covered by the media on several occasions, but the reports are only gathering public info from the web. Further, the reports have been condemned as puff pieces written by the establishment. The Alameda CEO has not spoken candidly with the New York Times, Good Morning America, or exclusive interviews<\/a> with New York Magazine and Bloomberg. While she was the CEO of Alameda no one\u2019s asked SBF where she is right now, and what she is doing about the entire FTX\/Alameda fiasco. Ellison reportedly<\/a> left Hong Kong and fled to Dubai, but reports are unconfirmed. Specific Gulf countries like the United Arab Emirates do not have extradition treaties with the United States.<\/p>\n

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\nTags in this story
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Balance Sheet<\/a>, Caroline Ellison<\/a>, CEO Alameda<\/a>, Co-CEO<\/a>, Co-CEO Alameda<\/a>, Ellison<\/a>, Ellison Alameda<\/a>, Ellison explains balance sheet<\/a>, FTX\/Alameda fiasco<\/a>, Good Morning America<\/a>, Kim Dotcom<\/a>, Mysterious Partners<\/a>, Mystery<\/a>, New York Times<\/a>, Sam Bankman-Fried<\/a>, Sam Trabucco<\/a>, sbf<\/a>, SBF tales<\/a>, Silence<\/a>, Silent Partners<\/a>, Twitter Spaces Interview<\/a><\/div>\n<\/div>\n

What do you think about SBF saying he didn\u2019t run Alameda and Caroline Ellison\u2019s silence on the subject? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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