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News Explorer — Ex-Alameda CEO Caroline Ellison Admits She Wasn't 'Well Suited' for Role

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Jul 20, 9:58 pm
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Ex-Alameda CEO Caroline Ellison Admits She Wasn't 'Well Suited' for Role

Former Alameda Research CEO Caroline Ellison, who admitted fraud related to the collapse of FTX, stated in her diary that she did not feel suited to running the failed trading desk. Ellison, who will be the star witness in her ex-lover's FTX trial, mentioned in court documents that running Alameda was not something she felt "comparatively advantaged at or well-suited to do." The collapse of FTX and Alameda Research was attributed to a small group of inexperienced individuals, according to newly appointed FTX CEO John J Ray III.

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