Caroline Ellison, former CEO of Alameda Research, is serving a two-year prison sentence for her role in the theft of $8 billion in customer funds from FTX alongside Sam Bankman-Fried. She has been hired by Manifund, a grant platform funding effective altruism and artificial intelligence safety projects, under the pseudonym Carol. Austin Chen, Manifund cofounder, defended the hire by invoking his belief in redemption, arguing that Ellison has admitted her faults, worked to compensate creditors, and served her time. The CFTC closed her civil case on August 19, imposing a five-year trading ban and a ten-year registration ban without a new fine. FTX’s estate has already distributed over $11 billion to creditors under its settlement plan.
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