Stop putting Caroline Ellison’s appearance on trial

What is the goal of all of this online cruelty — if you’re going to do the crime, at least be hot so that we can objectify you before you do the time?

OPINION
article-image

Midjourney modified by Blockworks

share

Caroline Ellison has pleaded guilty to securities fraud, wire fraud, commodities fraud and money laundering.

But Caroline Ellison is being judged twice. 

The justice system has every right to throw the book at her for her crimes. The internet does not have any right to throw the book at her for her appearance.

At this point in the trial, searching on X (formerly known as Twitter) for information shows you only horrible jokes objectifying Ellison’s appearance. Unposed photos of her in motion are enlarged to ostensibly point out her perceived flaws, snapped by the hordes of paparazzi that swarm before and after court. 

Teardowns of Ellison include the fact that she had sex with Bankman-Fried, the idea that he did not want to go public with his relationship with her, the notion that she was unqualified to be CEO compared to everyone else who had executive roles. Things that have nothing to do with her crimes.

The cyberbullying of Ellison seems universal. But what is the goal of all of this online cruelty — if you’re going to do the crime, at least be hot so that we can objectify you before you do the time?

Ellison is one of several government witnesses testifying under a cooperation agreement in the ongoing criminal trial of Sam Bankman-Fried. In the first two weeks of testimony, the court has already heard from former FTX developer Adam Yadidia and FTX co-founder Gary Wang. And while Yadidia has an immunity agreement, Wang has pleaded guilty to almost as many conspiracy counts as Ellison. 

Jokes about Yadidia and Wang’s appearance online? Non-existent. 

In contrast, the rampant online discourse over Ellison’s appearance harkens back to the early 2000s tabloid days when photo close-ups of a popstar’s legs could be front page news. “J-Lo’s got cellulite: Exclusive” was a real headline.

Since then, the internet has made it easier to say even more horrible things about people. The issue with everyone else’s issue over Ellison’s appearance has nothing to do with cancel culture or being woke. It’s bullying, plain and simple.

And with Ellison in particular, it’s mostly men who feel comfortable hiding behind cartoon profile pictures, weaponizing their anonymity to troll someone vulnerable and in the public eye. At this point, it’s a nice “surprise” to see a tweet from a man about the trial that doesn’t mention her looks in a negative way.

Bullying in any form is destructive, but when it’s layered with gendered expectations and biases, the harm runs even deeper. 

Ellison’s actions in the court of law should be under scrutiny, not her appearance in the court of public opinion. 

It’s disturbing to see society’s real indictment is based not on her deeds, but on her perceived conformance to today’s beauty standards.



Get the news in your inbox. Explore Blockworks newsletters:

  • Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
  • Empire: Start your morning with the top news and analysis to inform your day in crypto.
  • Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
  • 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
  • Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
  • The Drop: For crypto collectors and traders, covering apps, games, memes and more.
  • Supply Shock: Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.
Tags

Upcoming Events

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

morpho 2 graphic.png

Research

Utilizing a ‘DeFi Mullet’ approach, Coinbase’s Bitcoin-backed loans integration with Morpho demonstrates a powerful blueprint for CEXs to monetize dormant assets by expanding adoption of wrapped products (cbBTC, USDC) while also supporting native and/or preferred DeFi ecosystems (Base) which can further lead to downstream growth in onchain liquidity and increased utilization of the related assets.

article-image

Latest rise for Treasurys may signal that investors could be pulling out of bonds

article-image

Investors continue to digest the Trump administration’s mixed messages on tariff policies

article-image

Ripple will buy Hidden Road in a 10-digit deal, as crypto becomes more entwined with TradFi

article-image

Treasure only has about 10 months of runway left, and is slashing quarterly spend from roughly $11.3 million to $1.2 million

article-image

As equities retest 2024 lows and trade wars are brewing, BTC’s resilience stands out, but it’s not decoupled yet

article-image

Sequence has acquired the tech firm Light and is sunsetting Horizon, but Skyweaver remains live