Caroline Ellison, who was once known as a "genius boy" in the cryptocurrency world, did her best to cooperate with the investigation during the FTX storm, but ultimately failed to escape the severe punishment of the law. She was sentenced to two years in prison by the court for participating in FTX's fraudulent activities and was required to confiscate up to $11 billion in illegal gains. This verdict not only marks her personal legal end, but also becomes an important milestone in the FTX incident.

The fate of FTX executives

The collapse of FTX has caused a global shock, and legal proceedings involving several executives have also been launched one after another. The following are the latest verdicts of the main people involved in the case:

1. Sam Bankman-Fried

As the founder of FTX, Sam Bankman-Fried has become one of the most watched figures in this storm. At the age of 32, he was sentenced to 25 years in prison by the judge for leading and planning a fraud involving billions of dollars, and was required to pay a fine of up to $11 billion. This verdict not only dealt a huge blow to him personally, but also had a profound impact on the entire cryptocurrency industry.

2. Ryan Salame

Former FTX co-CEO Ryan Salame, 30, also failed to escape legal sanctions. He was sentenced to 7 and a half years in prison for violations involved in the operation of FTX. Salame's arrest and sentencing further revealed the chaos and opacity of FTX's internal management.

3. Nishad Singh

Nishad Singh, 27, the technical director of FTX, has formally pleaded guilty and is currently awaiting the final verdict on October 30. His guilty plea played a key role in the advancement of the case and revealed more details of FTX's internal operations.

4. Gary Wang

Gary Wang, 31, the co-founder of FTX, has also pleaded guilty and is awaiting a verdict on November 20. Wang's guilty plea further deepened the understanding of FTX's fraud and provided important evidence for the full trial of the case.