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Caroline Ellison: FTX founder Sam Bankman-Fried's ex blogged about 'foray' into ‘Chinese harem’ polyamory

Alameda Research CEO Caroline Ellison wrote graphic blogs on polyamory and masochism before her FTX-linked bitcoin hedge fund collapsed
UPDATED NOV 18, 2022
Caroline Ellison  who dated Sam Bankman-Fried wrote graphic blogs about polyamory and masochism (Alex Wong/Getty Images  and @carolinecapital/Twitter)
Caroline Ellison who dated Sam Bankman-Fried wrote graphic blogs about polyamory and masochism (Alex Wong/Getty Images and @carolinecapital/Twitter)

Before her FTX-linked bitcoin hedge fund collapsed, Alameda Research CEO Caroline Ellison wrote vivid blog posts about polyamory and masochism. In February 2020, Ellison, the ex-girlfriend of FTX founder Sam Bankman-Fried, wrote openly about her "foray into poly" on her now-deleted Tumblr blog. 

The news was discovered by the tabloid along with a series of other sexualized posts just days after CoinDesk reported that Ellison, 28, and Bankman-Fried, 30, were part of a 10-member "cabal of roommates" that oversaw FTX and Alameda's operations from a posh condo in the Bahamas. The group "are or were romantically involved with each other," according to CoinDesk.


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Caroline 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 (@carolinecapital/Twitter)

“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 28-year-old CEO 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.”

(Tumblr/Caroline Ellison)
The blog entry was one of many where Ellison expressed her opinions on her sexual life and wants.(Tumblr/Caroline Ellison)

NY Post reported It's unknown if Bankman-Fried and Ellison had a polyamorous relationship. Recently, the crypto bro acknowledged that they had split up after an indeterminate amount of dating. Ellison allegedly wrote many other posts about her sexual aspirations on her Tumblr in the meanwhile. “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 Stanford grad wrote in one post. 

She is reported to have said in another entry that the 21st century was a bad time to have sex, adding with a quip that she was "born too late to have ten kids, born too soon to have four-dimensional upload orgies." And in another post, she put "sufficient strength to overpower you" and "controlling most major world governments" among the things she finds "cute" for men to accomplish. 

(Tumblr/Caroline Ellison)
Caroline Ellison stated that it was 'cute' if a male had 'sufficient strength to overpower you' on Tumblr (Tumblr/Caroline Ellison)

Additionally, there were supposedly Tumblr posts on the account with Ellison's opinions on money-related issues. “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 recent collapses of FTX and Alameda Research give the blog posts a new level of significance. Bankman-Fried, who is rumored to be residing in the Bahamas, seems to be blaming Ellison for the cryptocurrency meltdown. Pressure is mounting on the "disgraced crypto bro" to explain why he chose to use $10 billion in FTX customer funds to support Alameda. At least $1 billion in unclaimed consumer funds are included in that total. Bankman-Fried stated in an interview with Vox writer Kelsey Piper, published Wednesday, November 16, that he thought Alameda, and consequently CEO Ellison, "had enough collateral" to cover client investments. Since FTX and Alameda filed for Chapter 11 bankruptcy last week, Ellison has not made any public remarks.