Merry Christmas, Caroline Ellison: Here's an Early Release from Custody

Caroline Ellison, the former CEO of Alameda Research who was sentenced to two years for misusing FTX client funds, is set for an early release from federal custody on January 21st, according to the Federal Bureau of Prisons. This is four weeks earlier than her initially scheduled release date of February 20th, though the specific reason for the reduction was not detailed, it may be due to good-conduct credits or reentry programs. Ellison, who cooperated with authorities and testified against Sam Bankman-Fried, accepted a plea deal, unlike Bankman-Fried who was sentenced to 25 years. Furthermore, while Ellison is being released soon, the SEC has imposed a 10-year officer-and-director bar, preventing her from holding any leadership position in a business or cryptocurrency exchange.

(Source：Cointelegraph)