The Rise and Fall of Caroline Ellison: From Quant Trader to Crypto CEO in the Midst of a $32 Billion Scandal
In the spring of 2018, Caroline Ellison, a quiet math nerd and star student at Stanford, was working at the quant-trading firm Jane Street when she was approached by Sam Bankman-Fried, a crypto entrepreneur. Bankman-Fried pitched her on joining Alameda Research, a new digital currency hedge fund he was working on that would exploit differences in pricing for Bitcoin in different countries.