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News in English (USA) / 24.09.2024 / 23:00

Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Fraud

Caroline Ellison, the former CEO of Alameda Research and key witness in the FTX fraud trial, has been sentenced to two years in prison after providing critical testimony that helped convict her ex-boyfriend, Sam Bankman-Fried. The court additionally ordered her to forfeit $11 billion for her involvement in the massive fraud scheme linked to the collapse of the cryptocurrency exchange FTX. Ellison had initially faced a potential maximum of 110 years but received a much lighter sentence due to her cooperation with the investigation. Her testimony was pivotal in unraveling the details of the fraud case which has significantly impacted the crypto industry.
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