Caroline Ellison Joins Nonprofit Under New Name

Caroline Ellison, the former head of Alameda Research who played a major role in the collapse of FTX, has taken a full time job at a nonprofit called Manifund. She worked under the name Carol for several months before her identity was publicly disclosed by the organization. Manifund focuses on funding projects related to effective altruism and artificial intelligence safety.

Manifund cofounder Austin Chen confirmed the hiring and admitted he used a pseudonym to protect her privacy. Chen defended the decision by emphasizing his belief in second chances. He noted that Ellison has already served her prison sentence and assisted in the process of making creditors whole. According to Chen, she has already proven useful by building a tool to catch accounting errors.

Legal matters for Ellison remain in the rearview mirror as she adjusts to this new role. The Commodity Futures Trading Commission recently closed its civil case against her, imposing a five year trading ban. Meanwhile, the broader FTX saga continues as the estate works to distribute over 11 billion dollars to creditors. A Delaware judge is scheduled to hear further arguments regarding claim payouts later this year.