In federal court this week, Caroline Ellison, the former CEO of Alameda Research, testified against her former boss and boyfriend, Sam Bankman-Fried. His two fallen crypto enterprises offer an object lesson in how not to run a start-up. First, here are four new stories from The Atlantic: Organizational Chaos “How would you describe the power dynamic of your personal relationship with the defendant?” a prosecutor asked Caroline Ellison in court on Tuesday. Sam Bankman-Fried’s lawyers immediately objected to the question, and the judge sustained the objection. But all of us watching Ellison’s testimony in the federal courthouse heard the question. It hung in the air even as the prosecutor rephrased the inquiry. At this point, FTX is many things: a company whose founder is on trial; a symbol for the rot underlying the crypto ecosystem; a target of schadenfreude. But before its dramatic implosion, it was also a workplace run by Millennials. And it seems, to hear Ellison describe it, to have been an absolute shitshow. In addition to the fraught power dynamics that came …