Caroline Ellison Joins Manifold to Lead Funding Platform

Former Alameda Research CEO Caroline Ellison has taken on a new role at the nonprofit organization Manifold, where she will be responsible for developing its funding platform and enhancing charitable efforts. Co-founder Austin Chen revealed that Ellison began a trial period at Manifold in July and transitioned to a full-time position in August, during which she published work under the pseudonym "Carol." In December 2022, Ellison admitted to fraud and conspiracy charges related to the collapse of the FTX cryptocurrency exchange, which resulted in billions of dollars in losses for customers. She cooperated with prosecutors and testified against FTX founder Sam Bankman-Fried, who was sentenced to 25 years in prison. Ellison is set to begin serving a two-year sentence in November 2024 but is expected to be released early in January 2026 due to her active participation in the investigation.