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Former Alameda CEO Caroline Ellison Joins Nonprofit Manifund

September 11, 2026, 9:37 PM UTC (20 days ago) · 1 source · Summarized by CryptoBipto

Caroline Ellison, the former CEO of Alameda Research who served as a key witness in the FTX fraud trial, has reportedly joined Manifund, a nonprofit charity organization. The move marks her return to a professional role following her involvement in one of the largest fraud cases in crypto history.

WHY IT MATTERS

For those new to crypto, Alameda Research and FTX were two closely linked companies at the center of a massive fraud scandal. Think of FTX as a bank where people deposited their money, and Alameda as a trading company that secretly used those deposits without permission. Caroline Ellison ran Alameda and later helped the government prove that fraud occurred. Her move to a nonprofit charity is significant because it shows what happens to key figures in major crypto scandals after their legal cases are resolved. It also raises questions about accountability and second chances in the industry.

Caroline Ellison led Alameda Research, the trading firm closely tied to the collapsed crypto exchange FTX. She pleaded guilty to fraud charges and cooperated extensively with federal prosecutors during the trial of FTX founder Sam Bankman-Fried, who was convicted in 2023 on multiple counts of fraud and conspiracy.

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