Caroline Ellison Is the Former CEO of Alameda Research. She Was Sentenced to Prison for Her Role in the Collapse of FTX

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A significant development in the FTX case ⁣has been reported, as‌ Ellison has been transferred‍ to⁢ a minimal-security federal facility. She is set ‌to serve a two-year sentence ​in ⁣Connecticut. ⁤Her cooperation played a critical role in securing the conviction of FTX founder Sam Bankman-Fried, but now she‌ must face ⁣the ​repercussions. Ellison ⁤was part of the scheme that ⁢contributed to the downfall of​ Alameda ⁣Research’s former CEO and‌ continues to assist ‌prosecutors.

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