Charity founder says he secretly gave FTX fraud figure Caroline Ellison a job

A nonprofit organization identified as Manifund has hired Caroline Ellison, the former CEO of Alameda Research and a central figure in the collapse of the cryptocurrency exchange FTX. According to a report from Business Insider, the founder of the 501c3 charity stated that he secretly provided Ellison with a position at the organization. Coverage of this appointment is widespread, appearing in reports from Business Insider, The Block, Cryptopolitan, bloomingbit.io, and ababnews.com. Business Insider specifically focuses on the nature of the hiring process, highlighting the founder's claim that the job offer was handled secretly.

Meanwhile, The Block and ababnews.com emphasize the legal and organizational status of Manifund as a 501c3 nonprofit entity. The reports collectively center on the juxtaposition of Ellison's previous leadership role at Alameda Research with her new role in the charitable sector. To understand the significance of this event, it is necessary to look at the background of the FTX collapse and Ellison's role as the head of Alameda Research. Because she was a central figure in one of the most high-profile financial failures in the cryptocurrency industry, her entry into the nonprofit world is being viewed as a test case for redemption.

Cryptopolitan explicitly notes that this role tests the current state of post-FTX redemption culture within the broader cryptocurrency and financial ecosystem, suggesting that the move is seen as an attempt at professional reintegration. Future developments to monitor include how the public and the cryptocurrency community respond to Ellison's presence at a charitable organization. Since coverage mentions that the hire was secret, further details regarding the specific nature of her duties at Manifund may emerge. Observers are watching to see if this appointment signals a broader trend of former FTX and Alameda executives finding roles in the nonprofit sector, though current reports only specify the instance of Caroline Ellison and the actions of the Manifund founder.