Ex-Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison for Her Role in FTX Fraud
Caroline Ellison was sentenced Tuesday afternoon.
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Caroline Ellison was sentenced Tuesday afternoon.
Former Alameda Research CEO Caroline Ellison will learn her fate in a few hours. She may spend the next several months or years behind bars, but her attorneys, the Department of Justice and the Probation Office all seem to think she should remain a free woman after the amount of cooperation she provided.
The FTX founder is six months into a 25-year prison sentence.
United States District Judge Peter Castel passed the approval on August 7, a filing shows. It did not seek a civil monetary penalty.
Jump Trading’s Tai Mo Shan subsidiary is seeking nearly $264 million in damages over a failed delivery of SRM tokens – more than the protocol’s current market cap.
Former FTX Director of Engineering Nishad Singh and former Chief Technology Officer Gary Wang are set to be sentenced this fall in the ongoing criminal case against what was once a global crypto exchange before it collapsed in historic fashion near the end of 2022.
FTX’s victims are seeking a court hearing to rule on their claim that all the failed crypto exchange’s forfeited assets, about $8 billion, belong to its customers, not the bankruptcy estate.
Patrick Gruhn, the former head of FTX Europe, has paid nearly $1.5 million for a gold pocket watch recovered from the body of the Titanic’s richest passenger, The Wall Street Journal has reported.
He likened FTX’s Sam Bankman-Fried to Luke Skywalker and Binance’s Changpeng Zhao to Darth Vader. Federal judges saw it differently.