Ex-Alameda CEO Caroline Ellison’s Google Docs Diary Exposes Struggles Prior to FTX Collapse

According to the New York Times and respective sources acquainted with the matter, Caroline Ellison, erstwhile CEO of Alameda Research, maintained a diary connected Google Documents that provides a little glimpse into the challenges she faced earlier the illness of FTX. Excerpts from the diary suggest Ellison lacked assurance successful her role. After her breakup with Sam Bankman-Fried, FTX co-founder, her enthusiasm for Alameda “significantly decreased.”

Ellison Didn’t Think She Was Well Suited to Lead Alameda Research

Caroline Ellison, erstwhile CEO of Alameda Research, a quantitative trading steadfast owned by Sam Bankman-Fried, reportedly maintained a diary connected Google Documents. The New York Times, successful a report dated July 20, 2023, confirmed with 4 radical acquainted with the substance that the work reviewed the documents.

Attorneys progressive successful the lawsuit against Bankman-Fried person allegedly circulated these Google documents successful court. Ellison’s diary provides penetration into her idiosyncratic and nonrecreational beingness portion moving nether the now-defunct FTX cryptocurrency empire.

In February 2022, Ellison expressed her dissatisfaction and overwhelmed feelings successful respect to her job. “At the extremity of the time I can’t hold to spell location and crook disconnected my telephone and person a portion and get distant from it all,” she said.

Diary excerpts enactment a romanticist narration betwixt she and Bankman-Fried, adding an constituent of “weirdness” and causing “drama.” In 1 document, Ellison further explained her content that she was not qualified to service arsenic Alameda’s main executive. Ellison wrote:

Running Alameda doesn’t consciousness similar thing I’m that comparatively advantaged astatine oregon good suited to do.

According to the report, erstwhile Bankman-Fried’s $32 cardinal empire collapsed, Ellison expressed alleviation that the chaos was ending. “I conscionable had an expanding dread of this time that was weighing connected me,” Ellison wrote. “Now that it’s really happening it conscionable feels large to get it implicit with.”

Ellison is scheduled to attest against Bankman-Fried successful his October trial, on with 2 different coworkers. In her testimony, published successful December 2022, she alleged that Bankman-Fried had instructed her to commingle lawsuit funds since 2019. Furthermore, it’s imaginable that Ellison underperformed successful her relation astatine the quantitative trading steadfast and whitethorn person held an FTX borderline presumption that was negative $1.3 billion successful May 2022.

What bash you deliberation astir Caroline Ellison’s alleged Google Documents diary excerpts? Share your thoughts and opinions astir this taxable successful the comments conception below.