Did Caroline Ellison Already Flip on SBF?

There is an increasing amount of evidence that Caroline Ellison is cooperating with the prosecution against Sam Bankman-Fried.

Did Caroline Ellison Already Flip on SBF?
Photo by Tingey Injury Law Firm / Unsplash

Now that FTX Founder and CEO Sam Bankman-Fried (SBF) has been arrested, the question we all seem to have is “what about Caroline Ellison?” In case you’ve managed to keep off of the internet over the past few weeks, Caroline Ellison is CEO of Alameda Research and co-founder of Sam Bankman-Fried’s Bohemian imperial Chinese harem (yep, that’s really what she called it).

A couple of weeks ago Ellison was spotted taking her dog on a walk to a cafe in New York City, which was noteworthy because everyone else involved with FTX and its associated companies were busy trying to flee the Bahamas. At the time, the consensus was that FTX executives may be able to slip away from US law officials, but none would be so brazen to return to the States.

Since the arrest of Bankman-Fried in the Bahamas there have increasingly been reasons to believe Ellison is cooperating with prosecutors. The criminal indictment does not mention Ellison, and she has been staying out of the public eye. Legal filings have shown that FTX co-CEO Ryan Salame flipped on SBF and started cooperating with Bahamian authorities 2 days prior to FTX filing bankruptcy.

Ellison has all the incentive in the world to flip on Bankman-Fried–she’s at risk of real jail time due to her involvement with FTX and Alameda, and SBF’s publicity tour where he tried to paint himself as the helpless idiot who made a mistake was clearly setting up his colleagues to take the fall for him. It has also been pointed out that, given the speed at which feds brought such a large case to the point of arrests, there are likely multiple high-level individuals assisting them.

As for SBF, reports have come out saying that the “hellhole Bahamas prison” is filthy and “maggot-infested.” His parents are now fighting to allow him vegan food.