The key figure in the FTX case has been released early.
The former head of Alameda Research and one of the main witnesses in the FTX case, Caroline Ellison, has been released from federal custody ahead of schedule.
The reduction of her sentence was made possible by her cooperation with prosecutors in the investigation of the FTX collapse.
After the verdict in September 2024, Ellison agreed to:
• A 10-year ban from holding management positions
• Permanent court supervision after release
📉 Reminder:
The FTX collapse in 2022 became one of the largest financial scandals in the history of the crypto market.
The exchange secretly used client funds to cover losses at Alameda Research,
leading to investor losses of $8–10 billion and a rapid bankruptcy.
FTX founder Sam Bankman-Fried lost a fortune of about $26 billion and received a lengthy prison sentence.
📌 The FTX case remains a key precedent for regulation and trust in the crypto industry —
and its consequences will be felt in the market for a long time.
#FTX