REPORT: Bankman-Fried Ex Linked To FTX Scandal Was Into Masochism, ‘Imperial Chinese’ Polyamory And ‘Amphetamine Use’

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James Lynch Investigative Reporter
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Disgraced crypto CEO Caroline Ellison wrote Tumblr blog posts about polyamorous relationships and an “imperial Chinese harem,” according to a report from the Daily Mail.

Ellison allegedly expressed her belief in ‘vicious power struggles for higher ranks’ within polyamorous relationships, which consist of having multiple sexual partners simultaneously. She called herself “less hedonistic and more masochistic” when describing her sexual desires, the Daily Mail reported. A now viral Twitter thread Ellison posted last year mentioned her “regular amphetamine use” while complaining about her lack of motivation.

In a separate post reported on by the Daily Mail, she apparently acknowledged crypto is “mostly scams and memes when you get down to it” despite her position in the crypto world.

She appeared to voice sympathy towards the large banks blamed for the 2008 financial crisis, writing “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,” the Daily Mail reported. She reportedly noted her displeasure with financial regulation, saying “writing good financial regulation is really hard. But I’m still not a fan” and “when it comes to financial regulation, I don’t even think you can assume the charitable version.”

At one point, Ellison dated disgraced former crypto billionaire Sam Bankman-Fried while living with him and eight others involved in overlapping crypto companies FTX and Alameda, according to multiple reports. It is unknown whether she engaged in polyamory during her relationship with Bankman-Fried, who recently confirmed the two have broken up, the New York Post reported. (RELATED: Disgraced Crypto CEO Took $1 Billion Loan From His Own Hedge Fund — That He Reportedly Bailed Out With Client Money)

Bankman-Fried has blamed Ellison for the collapse of his crypto empire following revelations in crypto site CoinDesk that his FTX exchange used customer funds to make risky bets. She ran the hedge fund Alameda Research and allegedly colluded with him on the decision to prop up Alameda with funds from FTX. Bankman-Fried told Vox during an interview he “thought Alameda had enough collateral” when pressed about the financial arrangement.

Ellison has not commented publicly on FTX and Alameda filing chapter 11 bankruptcy last week.