Caroline Ellison, the former CEO of Alameda Research, has joined the charitable organization Manifund. The news was shared by Manifund co-founder Austin Chen, who said the decision was about giving Ellison a second chance after the FTX scandal.

Ellison’s Role at Manifund

At Manifund, Ellison is working on growing the project funding platform and researching new ways to allocate donations. The team hasn’t disclosed her specific responsibilities or performance metrics.

Timeline and Details

Ellison started her probation period on July 13, and became a full-time team member on August 10. Before the public announcement, she worked under the pseudonym Carol.

Why Manifund Made This Move

Austin Chen explained that the team wanted to give Ellison a shot at proving herself in a new role after the high-profile FTX case. Neither side has shared further details about the arrangement.