Shocking ‘Notes’ Of Sam Bankman-Fried’s Girlfriend: FTX News

Crypto News: Over seven months after crypto exchange FTX initiated Chapter 11 proceedings, baffling details about Sam Bankman-Fried’s girlfriend Caroline Ellison were found in documents accessed by The New York Times. Ellison is the chief executive officer of crypto hedge fund Alameda Research, which was at the core of fund mismanagement behind the failed financial empire ran by Bankman-Fried. Interestingly, the documents revealed that Ellison had full knowledge that things were going awry months before the situation unfolded in November 2023.

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The FTX collapse had a blanket effect on cryptocurrency prices for over a month’s time in the last quarter of 2022, as retail and institutional investors lost millions of dollars in investments. Ellison reportedly wrote in her personal notes three months before the collapse that she was “unhappy and overwhelmed” with her job as Alameda CEO.

Caroline Ellison’s Personal Notes

The FTX management is currently fighting several lawsuits across the world over allegations of fund mismanagement. As part of the ongoing trial of Sam Bankman-Fried, prosecutors have accessed documents and notes belonging to Ellison. According to The New York Times report, the Alameda CEO felt like going home and turning off her phone to escape from the drama around FTX and Alameda Research. Ellison reportedly wrote in an online note:

“I have been feeling pretty unhappy and overwhelmed with my job. At the end of the day I can’t wait to go home and turn off my phone and have a drink and get away from it all.”

In the months to come, Ellison will face the trial proceedings over Bankman-Fried’s charges of misusing billions of dollars of user money. The former FTX CEO is facing eight counts of fraud surrounding fund mismanagement.

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Anvesh reports major crypto updates around regulation, lawsuits and trading trends. Published around 1,000 articles and counting on crypto and web 3.0. He is currently based in Hyderabad, India. Reach out to him at [email protected] or twitter.com/BitcoinReddy

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