Millennials have had a terrible week and day in the cryptocurrency industry. Sam Bankman-Fried (SBF), who is 30 years old, has lost 94% of his riches. He is now being questioned about his honesty after the Wall Street Journal reported that SBF’s cryptocurrency exchange, FTX, lent $10 billion to Alameda Research, a trading firm that is connected to him. Constance Wang, FTX’s day-to-day operations manager, and a 28-year-old former Credit Suisse analyst might be feeling some of that pain. Caroline Ellison, who is 28 years old and was a mentee of SBF, seems to be unemployed.
The news organization that pushed Sam Bankman-into Fried’s bitcoin mineshaft is adding fuel to the fire.
This month, the cryptocurrency news site CoinDesk leaked a balance sheet that showed most of the assets of Bankman-two Fried’s businesses, crypto exchange FTX and trading firm Alameda Research, were tied to FTX’s own cryptocurrency token, FTT.
Following this, there are rumors that Sam Bankman-Fried and Caroline Ellison might be dating. In this post, we’ll talk about whether or not Sam Bankman-Fried and Caroline Ellison are dating, a question that is sure to interest many readers.
Were Sam Bankman-Fried And Caroline Ellison Dating?
Sam Bankman-Fried, who is 30 years old and the founder of the now-struggling cryptocurrency exchange FTX, lives in a penthouse in the Bahamas with the inner group that ran the exchange and the trading firm Alameda Research.
A few are classmates and friends from his old school, MIT, while others are former coworkers from the quantitative trading business Jane Street. Each of the ten are in a serious relationship with each other or has been in one recently.
People who know about the situation say that Bankman-Fried was in a relationship with several people who were involved in the fall of Alameda. This includes CEO Caroline Ellison, whose firm played a key role in the company’s demise.
Keep in mind that in its story, Coindesk said that Caroline Ellison was the only employee who had dated Bankman-Fried at some point, but no other specific past or present connections were given. The article said that Ellison did not respond to their request for comment.
Learn More About Sam Bankman-Girlfriend Fried’s Caroline Ellison, Alameda Research CEO
Ellison quit earlier today as CEO of Alameda Research, which is now closing. Alameda was a major player in the cryptocurrency market. It was known for its aggressive trading, which gave it a good name. Today, SBF said that they were financed by customer funds that those customers put into FTX for trading.
There is no proof that Ellison did anything wrong, and it is not clear what, if any, role she played in the use of FTX customer funds. However, she doesn’t seem to have had any experience before taking over a company that allegedly had $10 billion in cash.
Ellison got his bachelor’s degree in mathematics from Stanford in 2016. He then spent the next 19 months as a junior trader before joining Alameda in March 2018. Ellison said that working at Jane Street was her first job out of college in a podcast she made two years ago. Ellison, whose parents were both economists, “just didn’t know what to do with her life” and ended up in trading.
Sam Bankman-Fried, who used to work for Jane Street, is the one who got her to join Alameda. Ellison said she felt bad that she had only stayed at Jane Street for a short time before she left. But she quickly got over that feeling when she got to Alameda and found out that she “kind of had more trading experience than a lot of Alameda traders.”
What Was Sam Bankman-Fried’s Net Worth Before FTX Shut Down?
Bankman-wealth Fried’s peaked at $26 billion. In October 2022, his estimated net worth was $10.5 billion.
Bloomberg estimated that Bankman-Fried had a net worth of about $16 billion at the beginning of the week. But when his cryptocurrency exchange, FTX, went bankrupt, the value of his assets went down to zero. Bloomberg called this “one of the greatest losses of wealth in history.”