Ex confesses foray into ‘Chinese harem’

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 sexualised 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 characterised 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 New York 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 are “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.
 

Bankman-Fried — who is believed to be hiding out in the Bahamas — appears to be shifting blame onto Ellison for the crypto catastrophe.

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.

This article was originally published by the New York Post and reproduced with permission