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cryptocurrency

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sam bankman-fried

11/17/22

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Disgraced Alameda Research CEO Caroline Ellison penned graphic blog posts about polyamory and masochism before the implosion of her FTX-linked cryptocurrency hedge fund.
Ellison — who dated FTX founder Sam Bankman-Fried — wrote candidly about her “‘foray into poly” on her now-deleted Tumblr account back in February 2020, according to the Daily Mail.
The post — along with a series of other sexualized entries — was unearthed by the tabloid just days after CoinDesk claimed Ellison, 28, and Bankman-Fried, 30, were part of a 10-person “cabal of roommates” that managed operations for FTX and Alameda from a luxury penthouse in the Bahamas. CoinDesk claimed the group “are, or used to be, in romantic relationships with each other.”
“When I first started my foray into poly, I thought of it as a radical break from my trad past,” Ellison allegedly wrote in the Tumblr entry. “But tbh I’ve come to decide the only acceptable style of poly is best characterized as something like ‘imperial Chinese harem.’ “
The Stanford grad continued, “None of this non-hierarchical bulls–t; everyone should have a ranking of their partners, people should know where they fall on the ranking, and there should be vicious power struggles for the higher ranks.”
It’s unclear whether Ellison was in a polyamorous relationship with Bankman-Fried. The crypto bro recently confirmed that they had broken up after an unspecified period of dating.
The Post has attempted to contact Bankman-Fried for comment. Attempts to reach Ellison have proven unsuccessful.
Meanwhile, on her Tumblr, Ellison also purportedly penned several other entries about her sexual desires.
“I’m less hedonistic and more masochistic. I get a lot of pleasure from doing things that are hard, unpleasant, physically taxing, or emotionally painful,” the kinky CEO allegedly wrote in one post.
In a separate entry, she is said to have declared that growing up in the 21st century was not a good time for sex, quipping: “Born too late to have ten kids, born too soon to have four-dimensional upload orgies.”
And in another post, enumerating things she thinks is “cute” for men to do, she listed “sufficient strength to overpower you” and “controlling most major world governments.”
The Tumblr account also allegedly featured entries where Ellison opined on financial matters.
“I didn’t get into this as a crypto true believer. It’s mostly scams and memes when you get down to it,” the Daily Mail quotes her as saying in one post.
Of the 2008 financial collapse, she purportedly stated: “I can’t think of anyone involved who makes me go ‘yes what that person did should be illegal and result in going to prison for a long period of time.'”
She added: “I think people’s first instinct is to react to these things with ‘a bunch of bad stuff happened, we should make all of it illegal so it can’t happen again’ when like, the problem is really a complicated mess of slightly misaligned incentives and human error rather than evil people doing clearly bad things.”
The blog entries take on a new level of meaning in the wake of FTX’s and Alameda Research’s recent collapse.
The disgraced crypto bro is under intense pressure to address his decision to funnel $10 billion in FTX client funds to prop up Alameda. Of that money, at least $1 billion in customer funds is still missing.
In an interview with Vox reporter Kelsey Piper published Wednesday, Bankman-Fried said he believed Alameda — and, by default, CEO Ellison — “had enough collateral” to cover client investments.
Ellison has not spoken publicly since FTX and Alameda filed for Chapter 11 bankruptcy last week.
Meanwhile, she has also hit headlines for talking about “regular amphetamine use” in an April 2021 Twitter thread.

The angel Moroni statue on top of the Salt Lake Temple of The Church of Jesus Christ of Latter-day Saints at Temple Square in Salt Lake City, Utah, US. Photo: AP

The church said it would support rights for same-sex couples as long as they did not infringe upon religious groups’ right to believe as they choose
The nearly 17-million member, Utah-based faith said that church doctrine would continue to consider same-sex relationships to be against God’s commandments

The angel Moroni statue on top of the Salt Lake Temple of The Church of Jesus Christ of Latter-day Saints at Temple Square in Salt Lake City, Utah, US. Photo: AP

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"Black Panther: Wakanda Forever" earned $331 million at the global box office over the weekend, including $181 million in the US.
But once again, the Marvel movie's total didn't include China, the No. 2 biggest film market in the world and a once essential box-office region for Hollywood blockbusters.
China's film officials have been extra stingy about granting Marvel movies release dates during the pandemic. The last seven Marvel Cinematic Universe (MCU) movies have been shut out of the country, meaning the last one to open there was "Spider-Man: Far From Home" in 2019.
The reasons vary for Marvel's absence from China, but it largely has to do with political and cultural sensitivities. "Thor: Love and Thunder," for instance, wasn't approved by China's film censors because of LGBTQ+ themes , according to The Hollywood Reporter.
Similarly, "Wakanda Forever" didn't get past the film regulators because of a brief depiction of a same-sex relationship between two female characters, THR reported.
It's been a big hit to the movies' total grosses, considering the MCU has performed well in China. "Avengers: Endgame" is still the biggest Hollywood release there of all time.
Marvel movies are still some of the biggest movies being released right now. But "Doctor Strange in the Multiverse of Madness" was just shy of $1 billion and might have crossed that coveted barrier with a China release. "Love and Thunder" topped its predecessor "Thor: Ragnarok" at the US box office but not in total global sales.
The MCU isn't the only franchise to be impacted during the pandemic. DC's "Black Adam" was denied a China release, as well. The movie is poised to top out around $400 million worldwide, a far cry from what the $200 million production needed to be a hit.
Sony's own Marvel movies, "Venom: Let There Be Carnage" and "Morbius," also didn't get in.
But China's movie priorities have also changed drastically over the last two-plus years, and there's no telling how these would have performed today.
Local productions have driven much of China's box office during the pandemic, including "The Battle of Lake Changjin" and "Hi, Mom," were the No. 2 and No. 3 highest-grossing movies in the world last year.
China's film administration has made it a goal in its five-year plan for at least 55% of the country's box office in a given year be from local movies.
The few Hollywood releases to make it to China this year haven't fare well. DC's "The Batman" earned just $25 million there (though it opened amid new coronavirus-related lockdowns ). Sony's "Uncharted" made $18 million.
"Jurassic World: Dominion" has been the exception, grossing $158 million in China earlier this year — but that's still down from "Jurassic World's" $229 million and "Jurassic World: Fallen Kingdom's" $261 million.

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