FTX-Fraudster Caroline Ellison Set for Release From Federal Custody After Serving Reduced Sentence

Caroline Ellison, the former co-CEO of Alameda Research and a key figure in the FTX collapse, is expected to be released from federal custody on Wednesday after serving approximately 440 days of her two-year sentence. Her early release, coming about ten months ahead of schedule, is credited to her cooperation with prosecutors and good conduct. Ellison was sentenced in September 2024 after pleading guilty to fraud and conspiracy charges related to the misuse of FTX customer funds, which she admitted to commingling with Alameda Research. Her extensive testimony against former FTX CEO Sam Bankman-Fried was instrumental in his conviction. Additionally, federal regulators have barred Ellison from serving as an officer or director of a public company or crypto exchange for ten years.

(Source：Bitcoin Magazine)