Former Alameda Research CEO Caroline Ellison Begins Two Year Prison Sentence
The ex-girlfriend of SBF notably testified in his 2023 fraud trial.

Former Alameda Research Caroline Ellison began her two-year prison sentence Thursday for her role in the FTX collapse, the Federal Bureau of Prisons revealed this week.
Alameda Research CEO Caroline Ellison Faces The Music
According to the federal agency, Ellison has started her sentence at the Federal Correctional Institution in Danbury, Connecticut.
During her September sentencing, Judge Lewis A. Kaplan further ordered the ex-girlfriend of disgraced crypto tycoon Sam Bankman-Fried to complete three years of supervised release upon her release from prison.
However, Kaplan praised the petite ex-crypto executive for her candor as a witness, saying he had “never seen” a witness quite like Ellison.
In addition, Ellison has been ordered to forfeit $11 billion for conspiring in the massive crypto scheme that saw an estimated $8 billion of FTX investor funds drained off the platform.
Ellison pled guilty to conspiracy to commit money laundering, securities fraud, commodities fraud, wire fraud, and wire fraud in December 2022.
In total, Ellison faced 110 years behind bars – though her cooperation agreement with federal prosecutors granted her a more lenient sentence than FTX founder Sam Bankman-Fried, who received 25 years in prison.
Crypto Execs Sentenced For FTX Collapse
Ellison’s two-year stint in federal prison has raised eyebrows among certain members of the crypto community, most notably former FTX Digital Markets CEO Ryan Salame.
Salame, who is currently serving a year sentence for violating campaign finance laws and operating an unlicensed money-transmitting business, vocally criticized Ellison’s sentencing before he began his prison time at a federal correctional institution in Maryland last month.
“I’m currently 5 pages deep of writing on analyzing Caroline’s testimony and writing on things I know Caroline lied about or misrepresented on the stand and I’m wondering the best way to share it,” he said in a recent X post.
“My mistake, (I) should have stolen everyone’s money so I could go to jail for substantially less time,” he wrote in another post on the Elon Musk-led platform.
Meanwhile, FTX’s former director of engineering, Nishad Singh, was sentenced to time served and three years of supervised release last month, making him the fourth exec of the doomed crypto operation to be sentenced.
Co-founder and CTO of FTX, Gary Wang, is slated to be sentenced on November 20.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








