A US federal judge in the Southern District of New York has sentenced Caroline Ellison, a member of the ring of executives who presided over the fraud that led to the collapse of crypto exchange FTX, to two years in prison. In addition, she has been ordered to forfeit $11 billion.
Ellison entered the courtroom Tuesday accompanied by her family, somber and quiet. The hour-long hearing was the culmination of a protracted downfall for the math whiz turned crypto executive. In the end, said presiding judge Lewis Kaplan, FTX founder Sam Bankman-Fried had been her “kryptonite.”
In December 2022, Ellison pleaded guilty to seven counts of fraud and conspiracy in connection
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