Caroline Ellison, the former CEO of Alameda Research and key witness in the FTX trial, is set to be sentenced today for her role in the $11 billion cryptocurrency fraud that led to the collapse of FTX. Prosecutors have urged the court to impose leniency, citing Ellison's cooperation during the investigation into FTX founder Sam Bankman-Fried. There is speculation that she may avoid prison time, with Polymarket traders predicting a 45% chance she will serve no jail sentence. Ellison, who has also gained attention for her recent foray into romance novels, asks for leniency as she learns her fate in a case that has captured widespread media interest.