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Caroline Ellison paid herself $22.5M bonus around the time she estimated a $10 billion cash shortfall at FTX—lawsuit

Jul 23, 2023 · 1 min read · 519 points
Caroline Ellison paid herself $22.5M bonus around the time she estimated a $10 billion cash shortfall at FTX—lawsuit
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Caroline Ellison, who once said she felt “overwhelmed” by her role as Alameda Research CEO, pleaded guilty to fraud in December.

Highlights

  • It was reported that Ellison knew about major holes in FTX’s finances eight months before.
  • She allegedly moved the money between various accounts until it landed in her own.
  • It is reported that she and SBF had been aware of red flags at the red flags three months before its collapse.
  • It was also alleged that on separate occasions between.
  • and.
  • Ellison had misused company funds to give herself other multimillion-dollar bonuses.

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