Ex-Alameda CEO Won’t be Spending the Holidays in Federal Prison
Caroline Ellison, former CEO of Alameda Research, was sentenced to two years in prison for her role in the November 2022 collapse of FTX. She pleaded guilty to fraud-related charges, cooperated with authorities, and testified against FTX founder Sam Bankman-Fried, who received a 25-year sentence. Ellison was transferred in October 2024 from FCI Danbury to a New York City Residential Reentry Management field office. Bureau of Prisons records indicate her release is scheduled for February 20, 2025, about nine months early, for reasons not made public. Ellison, originally from Boston and once SBF’s colleague at Jane Street, became Alameda’s sole CEO in August 2022. Following the FTX collapse, she faced significant public scrutiny and harassment online, partly due to her professional and personal association with Bankman-Fried. Former FTX Digital Markets co-CEO Ryan Salame also pleaded guilty and received a seven-and-a-half-year sentence. Ellison’s role will be further highlighted in a forthcoming Netflix miniseries, “The Altruists,” featuring Julia Garner as Ellison.
