Former Alameda CEO Caroline Ellison Joins Charity Manifund

Ellison's move into a nonprofit funding platform is notable less for the role itself than for the reputational math it implies: after cooperating in the prosecution of Sam Bankman-Fried, she is testing whether a post-collapse career is possible outside the industry that made her name. The signal matters for how the wider market reads accountability in the FTX fallout, since her testimony carried weight and her subsequent path becomes a reference point. Whether Manifund's donor base treats the hire as a non-issue is the open question.