- SBF blames ex-girlfriend, Ellison for Alameda Research and FTX’s downfall.
- Ellison served as CEO of the FTX owner’s crypto trading house Alameda.
- Ellison claimed she wasn’t ‘a true crypto believer. It’s mostly scams and memes.’
FTX founder Sam Bankman-Fried’s ex-girlfriend Ellison was appointed as the CEO of the crypto trading company Alameda Research. In the recent FTX debacle, the alleged exchange CEO has blamed his ex-companion for all the misfortunes that have befallen both his companies.
On the other hand, reports have revealed that Ellison stated in a March post, where she wrote, “I didn’t get into this as a crypto true believer. It’s mostly scams and memes when you get down to it”’. Their recent revelations have taken social media up by storm and reflect poorly on the fraudulent owner, including herself.
Moreover, continued investigations and documents for review have revealed that Bankman-Fried and Ellison were living together in a luxury house located in the Bahamas. Furthermore, the reports shared knowledge that the couple was residing with eight others who were all involved in their companies.
Accordingly, FTX’s company cash was used to purchase Bahamas residences and other personal assets. Less than a week after the now-infamous cryptocurrency exchange filed bankruptcy, SBF stated that he regretted his decision.
The new chief executive of FTX, John Ray III mentioned details about the Bahama house in a filed document with the United States Bankruptcy Court for the District of Delaware. Ray said that “In the Bahamas, I understand that corporate funds of the FTX group were used to purchase homes and other personal items for employees and advisors.”
Ellison and SBF were among the 10 romantically involved roommates, who managed operations for FTX and Alameda Research from a luxury penthouse in the Bahamas.
According to sources, the group consisted of former classmates at the Massachusetts Institute of Technology (MIT) and quantitative trading company Jane Street who “are, or were, in intimate relationships with each other.” Moreover, Ellison and Bankman-Fried have dated on occasions while operating their crypto enterprise.
Bankman-Fried confirmed to the New York Times that he and Ellison were no longer romantically linked, but declined to speak further on the subject since the fallout.
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