Caroline Ellison, the previous CEO of FTX affiliate Alameda Analysis, was sentenced to 2 years in jail on Tuesday.
Ellison pled responsible to conspiring with FTX’s Sam Bankman-Fried to steal $8 billion value of consumers’ funds, however she was an exceedingly cooperative witness, serving to regulation enforcement to analyze the large fraud scheme. Her two-year sentence stands in stark distinction to Bankman-Fried’s 25-year sentence.
Although he’s at present in jail, Bankman-Fried has continued to attraction his sentence. Not like Ellison, the previous FTX founder pled not responsible. Two different former FTX executives, Gary Wang and Nishad Singh, await sentencing.