Jamie Loftus
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah.
I'm going to quote from some of that New York Times coverage here.
Mr. Bankman-Fried and Ms.
Ellison have also started an unsteady romantic relationship with multiple breakups and reconciliations.
At times, Ms.
Ellison worried that Mr. Bankman-Fried thought she wasn't good enough.
When he was around, she wrote in February 2022 in a Google document, she had an instinct to shrink and become smaller and quieter and defer to others.
After one split, Ms.
Ellison cut off communication with Mr. Bankman-Fried.
I felt pretty hurt rejected, she wrote in the April 2022 Google document.
Not giving you the contact you wanted felt like the only way I could regain a sense of power.
Ms.
Ellison was compensated far less generously than other top executives at FTX and Alameda, though it's unclear whether she was aware of it.
According to court filings, the exchange's founders and other key employees received $3.2 billion in payouts and loans.
Of that total, $6 million went to Ms.
Ellison, compared with $587 million for Mr. Singh, FTX's head of engineering, and $246 million for Mr. Wang, one of the founders.
Mr. Bankman-Fried received $2.2 billion.
So Ellison is definitely not innocent here.
She has admitted guilt in this case, but the reporting makes it seem as if her main role was to act as a patsy.
Sam knew she was in love with him and deeply insecure, so he put her in charge of Alameda so that he could use it as part of his grift to manipulate the value of his crypto empire using customer funds.