Former Alameda CEO Caroline Ellison takes full-time role at Manifund

Caroline Ellison, the former Alameda Research CEO who cooperated with prosecutors after FTX collapsed, has taken a full-time role at Manifund, a nonprofit grant platform. Cofounder Austin Chen said in the Manifund announcement that Ellison will help improve its funding platform and study how philanthropic money can be directed more effectively.

She began a work trial on July 13, moved into a full-time role on August 10, and spent her first two months working under the pseudonym “Carol.”

For crypto followers, the key issue is the kind of job taken by Ellison. She is not going back to work at a trade desk or managing a treasury. Ellison’s work revolves around technical infrastructure, logistics, and customer support. One of her early assignments included a reconciliation tool that revealed some misreported transactions in the Manifund database in the sum of “5-6 figures.”

The actual work: plumbing, not a portfolio

Manifund is an open platform that connects charitable donors and fundraisers. Manifund has three methods of financing projects: publicly disclosed proposals backed by donors, regrantors who distributes grant budgets according to donors’ directives, and markets for impact-certificates in which donors provide funds for the winning or deserving projects.

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