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SBF Blames His Ex-Girlfriend for Alameda and FTX's Failure, Ellison Had the Position of CEO of the Crypto Trading Firm Owned By FTX

CJ - Crypto Speculator 

Ellison, the ex-girlfriend of FTX founder Sam Bankman-Fried, has been named CEO of cryptocurrency trading firm Alameda Research. The purported cryptocurrency exchange CEO in the latest FTX scandal blamed his ex-partner for all the bad things that had happened to both of his businesses.

However, according to sources, Ellison said in a post from March that she "didn't come into this as a crypto true believer. When it comes down to it, it's largely scams and memes”. Recent disclosures about them have gone viral on social media and negatively portray the fraudulent owner, including herself.

In addition, ongoing investigations and records available for examination have shown that Sam Bankman-Fried and Ellison shared a lavish home in the Bahamas. The papers also disclosed that the couple shared a home with eight other people who were all employed by their own businesses.

As a result, FTX's corporate funds from crypto assets were utilized to buy homes in the Bahamas and other personal property. SBF said he regretted his choice less than a week after the now-infamous Bitcoin exchange declared bankruptcy.

Details on the Bahama home were disclosed in a document John Ray III, the current CEO of FTX, filed with the United States Bankruptcy Court for the District of Delaware. According to Ray, the FTX group's corporate assets were utilized in the Bahamas to buy residences and other personal things for workers and advisers.

Ellison and SBF were two of the ten sexually connected roommates that oversaw FTX and Alameda Research's activities from a lavish Bahamas apartment.

The group was made up of individuals who "are, or were, in close relationships with one other," according to sources, including Jane Street, a quantitative trading firm, and former MIT classmates. Additionally, Bankman-Fried and Ellison have occasionally dated while running their cryptocurrency investment business.

Bankman-Fried declined to comment further on the matter following the backlash but told the New York Times that he and Ellison were no longer romantically involved.

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