Caroline Ellison, the former CEO of Alameda Research, is scheduled for release from federal custody after serving 440 days of a two-year sentence. According to inmate records with the Federal Bureau of Prisons, Ellison is expected to be released from the Residential Reentry Management field office in New York City on Wednesday, more than a year after she reported to prison in Danbury, Connecticut.<\/p>\n
The former Alameda CEO was one of three executives linked to the defunct cryptocurrency exchange FTX to serve prison time, along with former FTX CEO Sam \u201cSBF\u201d Bankman-Fried and former FTX Digital Markets co-CEO Ryan Salame. Caroline Ellison\u2019s X profile. Source: carolinecapital<\/p>\n
After cryptocurrency exchange FTX collapsed in November 2022 amid reports of liquidity issues, Ellison, Bankman-Fried, Salame and executives Gary Wang and Nishad Singh were indicted on charges of fraud and money laundering. The Alameda CEO testified against Bankman-Fried at trial and accepted a plea deal for her cooperation, leading to a two-year sentence. Ellison was initially scheduled to be released in February, which would still have been far short of her two-year sentence. However, many federal inmates are eligible for good-conduct credits.<\/p>\n
Bankman-Fried, who was convicted on seven felony counts related to his role in the misuse of FTX user funds, was sentenced to 25 years in prison and is scheduled for release in 2044. Singh and Wang were sentenced to time served and remain free, while Salame is scheduled for release in 2030. Bankman-Fried appealed his conviction and sentence and is awaiting results in the US Court of Appeals for the Second Circuit following a Nov. 4 hearing.<\/p>\n
Ellison and other former executives are barred from assuming any leadership role at a cryptocurrency exchange or other business following a consent judgment from the US Securities and Exchange Commission. She has offered no indication that she planned to resume any position in the crypto industry. Ellison received a 10-year officer-and-director ban, while Wang and Singh got eight-year bans each.<\/p>\n
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. The collapse of FTX and the subsequent legal proceedings have significant implications for the cryptocurrency industry, highlighting the importance of regulatory compliance and transparency.<\/p>\n
When researching or investing in cryptocurrency, it’s essential to stay informed about regulatory developments and potential risks, and to verify information through reputable sources to make informed decisions. For more information on Caroline Ellison’s release and the FTX case, visit Here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Caroline Ellison’s Release from Prison: A New Chapter Caroline Ellison, the former CEO of Alameda Research, is scheduled for release from federal custody after serving 440 days of a two-year sentence. According to inmate records with the Federal Bureau of Prisons, Ellison is expected to be released from the Residential Reentry Management field office in […]<\/p>\n","protected":false},"author":1,"featured_media":2267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2026-01\/019bd833-9a37-718d-9e4b-1a3150451ed6.jpg","fifu_image_alt":"","footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-2266","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"_links":{"self":[{"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/posts\/2266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/comments?post=2266"}],"version-history":[{"count":1,"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/posts\/2266\/revisions"}],"predecessor-version":[{"id":2268,"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/posts\/2266\/revisions\/2268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/media\/2267"}],"wp:attachment":[{"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/media?parent=2266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/categories?post=2266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sosahustle.com\/blog\/wp-json\/wp\/v2\/tags?post=2266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}