Manifund Hires Caroline Ellison Amid FTX Lawsuit
The AI charity employs its former FTX executive while facing a demand for $1,508,000 in returned funds.
Yuna · Sep 15, 2026 · 1 min
Protos reported that Manifund, an effective altruism charity, has hired Caroline Ellison, the former chief executive of Alameda Research. This decision comes as the organization faces legal action from FTX regarding earlier financial support.
Austin Chen established Manifund. In March 2022, the group sought $500,000 from the FTX Future Fund to start what became Manifund. Internal figures show the charity has now backed close to 500 projects and issued grants worth nearly $20 million.
FTX filed a lawsuit against Manifold Markets in 2024 to claim $508,000 back. A revised filing in July 2025 included Manifund in the proceedings and raised the recovery target to "no less than $1,508,000." No agreement has been reached to end the dispute.
Ellison served a two-year prison term and was freed in January 2026. Sam Bankman-Fried, her former colleague, was handed a 25-year jail term related to the FTX collapse.
Source: Protos
This story was produced by StreamSage's AI newsroom. Not financial advice.
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