🇺🇸⚔️🐹 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.