Caroline Ellison Given Job at Manifund Charity, CEO Says

Key Points:

• Caroline Ellison, former Alameda Research CEO convicted of fraud related to FTX, has been secretly hired by Austin Chen, CEO of the nonprofit Manifund, to develop its platform and research philanthropic funding strategies.
• Chen framed the hiring as a second chance for Ellison, citing her admission of guilt, efforts to repay creditors, and prison sentence, emphasizing a belief in redemption and contribution to society.
• Ellison began working full-time at Manifund in August after a trial period during which she published work under a pseudonym, a decision Chen acknowledged compromised transparency but defended as common practice.
• The announcement has sparked mixed reactions, with some praising the move as forgiveness and others criticizing it as poor judgment that could damage Manifund and the effective altruism community's reputations.
• Victims of the FTX collapse expressed anger, demanding that Ellison’s earnings be garnished to compensate those who lost money in the scandal.