As onlookers try to make sense of the bewildering situation unfolding FTX Crypto Exchange Collapsedetails began to surface regarding the internal practices and unorthodox beliefs of the once-dominant company management.
Of particular note is former Alameda Research CEO Caroline Ellison, Bankman-Fried’s former girlfriend, and a bizarre Tumblr blog she seems to have maintained for years.
Until this week, Sam Bankman-Fried, founder and CEO of FTX, lived with nine other colleagues in a $30 million penthouse in the Bahamas. MAccording Coindeskwho would have at some point had a romantic or sexual relationship with each other.
The group was characterized as a “polycule” – a romantic network of several people usually linked by overlapping sexual relationships.
Today details from an Ellison-linked blog began to shed light on the former Alameda CEO’s personal beliefs and global ethos, one shaped by radical views on polyamory and sexual competition , a fascination with racial science and a belief in the natural synergy between crypto and fraud.
The Tumblr account, active from 2014 until it was removed on Sunday, had the name “Fake Charity Nerd Girl” and the handle “worldoptimization”. The personal details revealed by the author of the account during his eight years of activity – including educational history, professional history and living history – correspond perfectly to Ellison’s biography. Additionally, when the author of the account announced that he opened a Twitter account in March 2021, he linked to Ellison’s Twitter page, which was created the same month.
Decrypt contacted Ellison to confirm authorship of the account, but did not immediately receive a response.
The Tumblr account linked to Ellison sheds light on the sexual dynamic that was potentially at play in the FTX headquarters.
“When I started my first foray into poly, I thought of it as a radical break from my traditional past,” the account wrote in February 2020, two years after Ellison’s stint at Alameda Research. “But tbh, I’ve come to decide that the only acceptable style of poly is best characterized as something like ‘Imperial Chinese Harem’.”
The narrative then went on to detail how a polyamorous dynamic should ideally function as a fierce marketplace of sexual competition and subjugation.
“None of that non-hierarchical bullshit,” the account reads. “Everyone should have a ranking of their partners, people should know where they stand in the rankings, and there should be vicious power struggles for ranks.”
The author of the story has always displayed a fascination with sex and power dynamics. In another post, the author said two key qualities of a “cute boy” are “controlling most major world governments” and possessing “enough strength to physically overpower you.”
The account linked to Ellison also demonstrated significant concern for “hbd” or “human biodiversity”, an online euphemism for the discredited fields of racial science and eugenics popularized by the alt-right.
Ellison has, for years, expressed his unwavering obsession with Harry Potter. In one post, her affiliate Tumblr account linked her love of online character quizzes to her penchant for sorting Indians by caste, which she assumed indicated a genetic distinction.
“I feel like a part of me that cares about HBD is the same part of me that loves personality types and ‘what character are you’ quizzes,” the account wrote. “There’s a stereotype of racist people that they’ll assume anyone from East Asia speaks Chinese or something. I appreciate that HBD people are the exact opposite of that, and I’ll laugh at you for saying something about ‘Indians’ without specifying province and caste because the genetic differences there are huge.”
The post included a content warning that read “offensive, sorry”, as well as the hashtag “#racism”.
Indian caste – an arbitrary and socially engineered sorting of the Indian population accelerated during India’s brutal colonization by Britain – has long been falsely equated with race and genetics throughout the history of supremacy white. Caste in India was strongly correlated with skin color, especially under the British. The Nazis believed that Aryans were once the lightest-skinned Indians. In 1939 Hitler sent an expedition of Nazis to investigate the Himalayan site of ancient Indus Valley civilizations as the origin of the Aryan race.
Ellison’s affiliate Tumblr account also appeared fascinated by the place of the Indus Valley civilizations in the history of alleged genetic distinctions between Indians. The author wrote numerous book reviews on the subject.
But perhaps the most direct relevance to the events of the past week were the account’s posts highlighting its author’s impressions of the crypto space.
“I didn’t come into this as a true believer in crypto,” the account linked to Ellison wrote in March. “It’s mostly scams and memes when you get down to it.”
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