Former Alameda Research CEO Caroline Ellison to Begin Two-Year Prison Sentence

According to Cointelegraph: Caroline Ellison, former CEO of Alameda Research, is set to report to prison on November 7 to begin her two-year sentence for involvement in financial crimes connected to the collapse of cryptocurrency exchange FTX. Following her guilty plea in 2022, Ellison has been free on bail, cooperating with prosecutors and testifying at the recent criminal trial of FTX’s founder, Sam Bankman-Fried.Ellison's prison sentence was handed down by Judge Lewis Kaplan of the United States District Court for the Southern District of New York, who ordered her to report to a correctional facility by 2:00 pm ET on November 7. She is expected to serve her sentence at a minimum-security facility near Boston, potentially the Federal Correctional Institution in Danbury, Connecticut.Key Figures in the FTX Scandal Face SentencingEllison’s sentencing follows the prison term of Sam Bankman-Fried, convicted on all charges after a high-profile trial. Other former FTX and Alameda executives have also faced sentencing: Nishad Singh, former engineering director, was given a “time served” sentence, while Ryan Salame, former FTX Digital Markets co-CEO, pled guilty to similar charges. Gary Wang, FTX co-founder, is expected to be the final executive sentenced, with his court date set for November 20.Ellison Endures Public Scrutiny Amid High-Profile CaseSince the FTX scandal emerged in 2022, Ellison has been a target of intense public attention and media scrutiny. A U.S. government filing noted the excessive harassment she faced, citing incidents of media mobbing outside court, social media criticism, and meme-driven mockery. Her testimony against Bankman-Fried, with whom she briefly had a personal relationship, further fueled the public’s interest and reaction.As Ellison prepares to serve her sentence, the crypto community continues to monitor the fallout from FTX's collapse and the repercussions for its top executives.