🇺🇸⚔️🐹 Caroline Ellison sentenced to 2 years

Former Alameda Research CEO, Caroline Ellison, has been sentenced to 2 years in prison for her role in the collapse of crypto exchange FTX.

🟠The judge ruled: She will lose $11 billion made from FTX and go to prison.

🟠Her sentence was reduced because she cooperated with the authorities, although she faced up to 110 years.

🟠The judge noted that she was manipulated by Sam Bankman-Fried, who was earlier sentenced to 25 years (and is now appealing).

🟠Other FTX participants, including Gary Wang and Nishad Singh, are awaiting their sentences in the coming months.

“I was part of a conspiracy that ultimately stole billions of dollars from people,”

— Ellison.

🪙Caroline Ellison is accused of helping Sam Bankman-Fried hide fraud involving FTX client funds.

🪙She took part in illegally using billions of client dollars for risky investments and personal gain, which led to FTX’s collapse.