Disgraced CEO of Alameda Research Caroline Ellison wrote graphic blog posts about polyamory and masochism before the implosion of her FTX-linked cryptocurrency hedge fund.
Ellison — who dated FTX founder Sam Bankman-Fried — openly wrote about her “ramble through poly” on her now-deleted Tumblr account back in February 2020 Daily Mail.
The post – along with a number of other sexualized entries – was unearthed by the tabloid just days later CoinDesk claimed Ellison, 28, and Bankman-Fried, 30, were part of a 10-strong “cabal of roommates” who ran operations for FTX and Alameda from a luxury penthouse in the Bahamas. CoinDesk claimed that the group “is or was in romantic relationships with each other.”
“When I first got into poly, I thought it was a radical break with my traditional past,” Ellison reportedly wrote in the Tumblr post. “But honestly, I’ve come to the conclusion that the only acceptable style of Poly can best be characterized as something like ‘Imperial Chinese Harem.’ “
The Stanford graduate continued, “None of those non-hierarchical cops — t; Everyone should have a ranking of their partners, people should know where they are in the rankings, and there should be vicious infighting for the higher ranks.”
It’s unclear if Ellison was in a polyamorous relationship with Bankman-Fried. The crypto brother recently confirmed that they had split after an unspecified amount of time.
The Post has attempted to contact Bankman-Fried for comment. Attempts to reach Ellison were unsuccessful.
Meanwhile, Ellison also reportedly posted several other posts about her sexual desires on her Tumblr.
“I’m less hedonistic and more masochistic. I get a lot of pleasure from doing things that are hard, uncomfortable, physically demanding, or emotionally painful,” the naughty CEO allegedly wrote in a post.
In a separate post, she reportedly explained that coming of age in the 21st century is not a good time for sex, and quipped, “Born too late to have ten kids, born too early to have four-dimensional upload orgies.”
And in another post listing things she thinks are “cute” for men, she listed being “strong enough to overpower you” and “controlling most of the world’s major governments.”
The Tumblr account also reportedly contained posts in which Ellison commented on financial matters.
“I didn’t address this as a true crypto believer. It’s mostly scams and memes, if you’re being honest,” the Daily Mail quoted her as saying in a post.
Speaking of the 2008 financial meltdown, she reportedly said, “I can’t think of any party that would make me say, ‘Yes, what this person did should be illegal and should result in a long prison sentence.'”
She added: “I think people’s first instinct is to react to these things with ‘a bunch of bad things happened, we should make everything illegal so it can’t happen again’ when the problem is really a complicated mess is easily misaligned incentives and human error, rather than bad people clearly doing bad things.”
The blog posts take on a new level of meaning in the wake of the recent collapse of FTX and Alameda Research.
Bankman-Fried – believed to be hiding in the Bahamas – appears to be blaming Ellison for the crypto disaster.
The disgraced crypto bro is under intense pressure to finalize its decision to use $10 billion in FTX client funds to back Alameda. At least $1 billion of that is still missing from customer funds.
In conversation with Vox reporter Kelsey Piper Bankman-Fried, released Wednesday, said he believes Alameda — and by default CEO Ellison — has “enough collateral” to cover customer investments.
Ellison has not spoken publicly since FTX and Alameda filed for Chapter 11 bankruptcy last week.
Now she has it too make headlines for speaking about “regular use of amphetamines” in an April 2021 Twitter thread.