Caroline Ellison's Prison Sentence Reduced by Nearly 4 Months

Caroline Ellison, former CEO of Alameda Research and key figure in the $11 billion FTX fraud, has had her prison release date moved up to July 2026, less than two years after starting her sentence. This adjustment is due to potential good behavior credits under the First Step Act. Ellison, who cooperated with prosecutors against Sam Bankman-Fried, expressed remorse during her sentencing. Bankman-Fried, sentenced to 25 years, remains in custody as he appeals his conviction.