Former Alameda Research co-CEO Caroline Ellison set for release Wednesday after 14 months in custody
Crypto Briefing
Former Alameda Research co-CEO Caroline Ellison was released from custody after serving 14 months for her role in the FTX collapse.Summary
Caroline Ellison, the former co-CEO of Alameda Research, was released from federal custody on Wednesday after serving approximately 440 days of her sentence, about ten months earlier than scheduled due to her cooperation with prosecutors and good conduct. Ellison had pleaded guilty in late 2022 to fraud and conspiracy charges stemming from the misuse of FTX customer funds and the collapse of Alameda Research. Her testimony was crucial in the conviction of Sam Bankman-Fried. As part of her sentencing agreement, Ellison is barred from executive roles at public firms or crypto exchanges for ten years and will now be under supervised release.
(Source：Crypto Briefing)