Former Alameda Research CEO Caroline Ellison joins Manifund

Caroline Ellison, the former CEO of Alameda Research, has been hired as a full-time employee at the nonprofit grant platform Manifund under the pseudonym "Carol." Manifund cofounder Austin Chen defended the hiring, citing a belief in redemption and Ellison's practical skills in bookkeeping and reconciliation. Ellison, who previously served prison time for her role in the FTX collapse, is also subject to a five-year trading ban and a 10-year registration ban following the closure of her civil case by the Commodity Futures Trading Commission (CFTC).