The collapse of Sam Bankman-Fried's cryptocurrency exchange FTX has led to an increased focus on the role played by Alameda Research and its CEO Caroline Ellison in the firm's implosion.
CEO ACCUSED OF INSTIGATING FTX COLLAPSE DETAILS SAM BANKMAN-FRIED'S ‘LIES' AND ‘STRAW THAT BROKE CAMEL’S BACK'
When Bankman-Fried left Jane Street in 2017 to found his own hedge fund known as Alameda Research, Ellison joined him shortly thereafter in what she called "a blind leap into the unknown." She became one of the lead traders at the new firm and said on anthat joining Alameda was "too cool of an opportunity to pass up" but dealing with capital was "kind of daunting" when she first started at the firm in 2018.
"Mostly, sort of, it was something I wasn’t used to thinking about," she said. "So it was sort of – I don’t know, I guess I was like a trader for, I mean, not that long at Jane Street but a year and a half, which was kind of more trading experience than a lot of Alameda traders had at the time. I kind of wanted to come in and be like an expert on everything, but there was still lots of stuff in the crypto world that I knew nothing about.
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