From precocious bookworm and mathlete to moving billions of dollars of customer money to allegedly cover her firm’s liabilities, the rise of Alameda Research CEO Caroline Ellison was almost as spectacular as the fall.
in an attempt to cool market jitters sparked by revelations concerning theand its sister crypto exchange FTX. She seemed to suggest that Alameda was not in dire financial straits and instead had more than $10 billion in assets. But things changed quickly.
Many of their past comments aren’t aging very well, including Ellison’s claim that using mathematics as head of a multi-billion hedge fund wasn’t crucial. But as one person familiar with FTX and Alameda put it, Ellison —like Bankman-Fried— had a singular goal of changing the world and was willing to do anything it took.
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