Why did Caroline Ellison do it?

Photo Illustration by Cath Virginia / The Verge | Photo by Bloomberg, Agustina Torres, Getty Images

The story of Sam Bankman-Fried was obvious enough: a Shakespearean level of arrogance that led to tragedy. But I have been puzzled for some time by Caroline Ellison, the former CEO of Alameda Research and star witness of the FTX trial. Now, after her sentencing, I believe what she did is weirder and perhaps sadder.

Ellison spoke on her own behalf, beginning by apologizing to everyone she's hurt. I think on some level my brain can't even truly comprehend the scale of the harms I've caused," she said. That doesn't mean I don't try. So to all the victims and everyone I harmed directly or indirectly, I am so, so sorry."

Ellison never really left work

Ellison went on to say that she's always thought of herself as an honest person - and that...

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