PANews reported on September 25 that according to The Block, Caroline Ellison, former co-CEO of Alameda Research, was sentenced to two years in prison for her role in the collapse of the crypto exchange FTX. Ellison will also be confiscated about $11 billion and may serve her sentence in a "minimum security facility." Ellison is also the ex-girlfriend of SBF, the former CEO of FTX, who pleaded guilty to seven charges of wire fraud, commodity fraud, securities fraud and money laundering in December 2022. Ellison previously cooperated with the government and testified in SBF's criminal trial earlier this year. Ellison told the court in March that SBF instructed her to commit the crime that led to the collapse of FTX. Alameda has access to customer deposits through unlimited credit lines or directly to customer deposits sent to Alameda's bank account. Judge Lewis Kaplan, who oversees the sentencing of SBF, said on Tuesday that the difference between SBF and Ellison is that the latter cooperated with prosecutors, while "SBF denied the whole thing." Ellison's lawyers had previously asked the court not to impose a prison sentence in light of her cooperation. Her lawyers cited the federal probation department's recommendation that she be sentenced to three years of supervised release. Meanwhile, FTX's former engineering director Nishad Singh and co-founder Gary Wang also pleaded guilty to criminal charges and cooperated with prosecutors. They will attend sentencing hearings on October 30 and November 20, respectively. In March of this year, SBF was sentenced to nearly 25 years in prison and was required to repay investors and creditors up to $11 billion in losses.