{"id":78125,"date":"2026-09-13T23:12:06","date_gmt":"2026-09-13T23:12:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/caroline-ellisons-new-charity-job-comes-with-an-awkward-ftx-link\/"},"modified":"2026-09-13T23:12:06","modified_gmt":"2026-09-13T23:12:06","slug":"caroline-ellisons-new-charity-job-comes-with-an-awkward-ftx-link","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/caroline-ellisons-new-charity-job-comes-with-an-awkward-ftx-link\/","title":{"rendered":"Caroline Ellison&#8217;s New Charity Job Comes With an Awkward FTX Link"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">According to the charity\u2019s co-founder, Manifund hired Caroline Ellison on Aug. 10 after she spent weeks working publicly as \u201cCarol.\u201d<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Ellison served 14 months in confinement before landing her first public post-FTX job.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Manifund\u2019s Sept. 11 reveal has reopened the FTX-era debate over redemption and second chances.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Caroline Ellison Became \u2018Carol\u2019<\/h2>\n<p>The girl who had a relationship with <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/sam-bankman-fried-supreme-court-petition-11-billion-forfeiture\/\">Sam Bankman-Fried<\/a> and testified against the former FTX boss is now working for a charity dedicated to effective-altruism. The news was first brought to light by Manifund co-founder and CEO Austin Chen, who hired Ellison and emphasized that he believes in second chances and \u201credemption.\u201d<\/p>\n<p>Chen further explained that, due to the fact that Manifund (formally Manifold for Charity Inc.) was committed to transparency, he felt that people should know she had already been working under the pseudonym \u201cCarol.\u201d<\/p>\n<p>\u201cIn fact, she started a work trial on July 13, which converted to a fulltime role on Aug 10. Over the past two months, she\u2019s been publishing her work and supporting Manifund users under the pseudonym \u2018Carol,\u2019\u201d <a href=\"https:\/\/manifund.substack.com\/p\/caroline-ellison-has-joined-manifund\" target=\"_blank\" rel=\"noopener noreferrer\">the Manifund co-founder wrote<\/a>. He said he was inspired by some of her writings and also noted that it was FTX\u2019s \u201cmoney and spirit\u201d that helped bolster the Future Fund.<\/p>\n<p>Ellison pleaded guilty on Dec. 18, 2022, to conspiracy charges, wire fraud, securities fraud, and money laundering. She also worked as a government witness against Bankman-Fried and testified against him during his 2023 trial.<\/p>\n<p>Ellison was later sentenced to two years in prison and spent her time in a Connecticut prison before relocating to a <a href=\"https:\/\/news.bitcoin.com\/ftx-star-witness-caroline-ellison-transferred-to-community-confinement-after-11-months-in-prison\/\">community confinement home<\/a> in 2025. By Jan. 22, 2026, Ellison was finally released and spent a total of 14 months incarcerated.<\/p>\n<h2>Not Everyone Is Buying the Redemption Pitch<\/h2>\n<p>Many members of the FTX senior team, including Bankman-Fried and Ellison, were big believers in effective altruism (EA). The belief basically is a philosophical and social movement that aims to leverage logic in order to figure out how to benefit others as much as possible.<\/p>\n<p>Critics, however, are not buying it. Because the social movement has a lot of funding from elite tech institutions, Silicon Valley, and absurd overconfidence, critics argue it suffers from a technocratic worldview. At the same time, some observers complained about Manifund\u2019s new hire in the Substack comment section.<\/p>\n<p>Cate Hall, the former CEO of the Astera Institute, <a href=\"https:\/\/open.substack.com\/pub\/manifund\/p\/caroline-ellison-has-joined-manifund?utm_campaign=comment-list-share-cta&amp;utm_medium=web&amp;comments=true&amp;commentId=335076696\" target=\"_blank\" rel=\"noopener noreferrer\">responded to the Substack announcement<\/a>. \u201cWith all due respect: You gotta be f***ing kidding me,\u201d Hall wrote. \u201cThis shows truly terrible judgment and is likely to harm the reputation not only of Manifund but of all sorts of EA orgs that will take collateral damage.\u201d Another commenter remarked that the reasons Chen wrote \u201care business reasons to hire a person.\u201d<\/p>\n<p>Ellison also appeared in the post with Chen and said she was \u201cdeeply sorry\u201d for what she did in regard to what happened to FTX. \u201cI completely understand why people may not want to work with me,\u201d Ellison explained.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/cftc-bans-caroline-ellison-from-trading-for-5-years-over-ftx\/\">As far as EA, it seems Ellison<\/a> is still very much a believer in this philosophy. \u201cI feel very lucky not only to have a job, but to be working somewhere that I think is doing great work and has a mission I believe in,\u201d Ellison said.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/featured\/caroline-ellisons-new-charity-job-comes-with-an-awkward-ftx-link\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways According to the charity\u2019s co-founder, Manifund hired Caroline Ellison on Aug. 10 after she spent weeks working publicly as \u201cCarol.\u201d Ellison served 14 months in confinement before landing her first public post-FTX job. Manifund\u2019s Sept. 11 reveal has reopened the FTX-era debate over redemption and second [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":78126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78125"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78125"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78126"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}