Former Alameda Research CEO, Caroline Ellison, has been sentenced to two years in prison for her involvement in the collapse of the cryptocurrency exchange FTX. This sentencing marks a significant development in the ongoing scrutiny of the cryptocurrency industry by global regulators.

Ellison's conviction is part of a broader effort to hold key figures accountable in the wake of several high-profile failures within the sector. The collapse of FTX has intensified calls for stricter regulatory oversight, as investors face substantial losses and market confidence continues to wane.

The industry is witnessing increased regulatory actions, signaling a potentially challenging period ahead for cryptocurrency markets.