Today the most dangerous woman in crypto was released - born November 1994 - daughter of 2 MIT economics professors - raised in a hyper-academic environment Teen years: - attends Newton North High School - competes in math and linguistics olympiads - top scores in American Math Competitions 2012–2016 - enrolls at Stanford University - studies mathematics - joins the Effective Altruism movement believes money should be optimized to “do the most good” (lmao) After college: - joins Jane Street Capital as a junior trader - meets Sam Bankman-Fried - leaves after ~19 months 2018 - joins Alameda Research - leads aggressive strategies 2021 - promoted to co-CEO of Alameda - later becomes sole CEO - controls billions in positions with FTX Behind the scenes: - Alameda gets a secret credit line from FTX - can borrow unlimited customer funds - money flows freely between entities 2022 - crypto market collapses - Alameda blows up - customer funds are used to cover holes - balance sheets are manipulated November 2022 - FTX collapses - withdrawals halt - one of the largest financial frauds in history December 2022 - Caroline pleads guilty - admits to fraud, conspiracy, money laundering - agrees to cooperate fully 2024 - sentenced by Judge Lewis Kaplan - 2 years in federal prison - ordered to forfeit $11 billion judge calls her cooperation “very, very substantial” January 21, 2026 - officially released - after 440 days in custody After release: - 3 years of supervised release - banned for 10 years from being an officer or director - permanently restricted from securities activities - effectively exiled from crypto and finance