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Caroline Ellison’s Prison Term Reduced Amid FTX Fallout

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By on November 30, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Caroline Ellison’s Prison Term Reduced Amid FTX Fallout appeared first on Coinpedia Fintech News

Caroline Ellison, ex-CEO of Alameda Research, will now be released from prison on July 20, 2026, significantly earlier than her initial two-year sentence for her role in the FTX collapse. Ellison’s reduced term may stem from sentencing credits, though this remains unconfirmed. She played a key role as the prosecution’s star witness against FTX founder Sam Bankman-Fried, who is serving 25 years. Meanwhile, other FTX associates, Gary Wang, and Nishad Singh, evaded prison with hefty fines, while ex-FTX Digital Markets CEO Ryan Salame is serving seven years for campaign finance violations.

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