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FTX-linked Alameda Research CEO Caroline Ellison: What to know
Genevieve Roch-Decter on FTX meltdown: We need transparency
Grit Capital CEO Genevieve Roch-Decter reacts to the FTX meltdown on ‘Making Money.’
Some attention has turned toward Caroline Ellison over her position as CEO of the FTX-linked quantitative trading firm Alameda Research amid the rapid collapse of the cryptocurrency exchange.
After facing liquidity problems, FTX announced last week it had reached a deal with Binance to be acquired, only for Binance to pull out citing red flags during its due diligence process. The cryptocurrency exchange FTX filed for Chapter 11 bankruptcy along with Alameda Research, West Realm Series and 130 affiliated companies just days later, according to a statement published Nov. 11 on Twitter.
INSIDE THE COLLAPSE OF CRYPTO EXCHANGE FTX: EVERYTHING YOU NEED TO KNOW
Founder Sam Bankman-Fried, who also started the trading firm Ellison heads up, stepped down as FTX’s CEO, handing the position over to former Enron liquidator John J. Ray III. The Wall Street Journal reported unnamed sources said FTX has allegedly moved customer funds over to Alameda Research for use.
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