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The Guardian - US
The Guardian - US
Technology
Nick Robins-Early

Former FTX crypto executive Caroline Ellison released from federal custody

Caroline Ellison FTX Sam Bankman-Fried Crypto United States Donald Trump Lewis Kaplan Prison
a women walking
Caroline Ellison leaves Manhattan federal court after testifying during the trial of Sam Bankman-Fried in October 2023. Photograph: Michael M Santiago/Getty Images

The Disgraced former cryptocurrency executive Caroline Ellison has been released from federal custody after serving about 14 months for her involvement in the multibillion-dollar FTX fraud scandal. Ellison was previously head of FTX’s associated trading arm and the on-again, off-again romantic partner of the crypto exchange’s founder, Sam Bankman-Fried.

Ellison, 31, was sentenced to 24 months in prison in 2024 after pleading guilty to seven charges, including wire fraud and money laundering. She featured prominently as a witness for the prosecution of Bankman-Fried, testifying that her former paramour directed her to commit crimes. Bankman-Fried was sentenced to 25 years in prison.

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