Caroline Ellison Joins Nonprofit Manifund

Caroline Ellison, the former head of Alameda Research, has taken a position at the nonprofit charity Manifund. This update came from Austin Chen, a cofounder of the organization, who confirmed the news on Friday.

Manifund focuses on effective altruism, a community that aims to use resources and evidence to help people in the most efficient ways. The group provides grants to various projects and ideas that aim to have a positive impact on the world.

This marks a return to public life for Ellison following the high profile collapse of the FTX exchange. The crypto community is keeping a close eye on the career moves of former industry executives as the market continues to recover from past events.

Observers are waiting to see how this transition will influence her involvement in future projects. While she remains a significant figure in recent market history, her work at Manifund represents a distinct change in direction.