NEW YORK—Former crypto executive Caroline Ellison, a key witness in the fraud and conspiracy case involving the Sam Bankman-Fried-led FTX platform, has been sentenced to two years in prison and ordered to forfeit around $11 billion for her role in the scandal.
On Sept. 24, U.S. District Judge Lewis Kaplan handed down the sentence to Ellison, who was the co-chief executive of Alameda Research, FTX’s companion hedge fund operated by Bankman-Fried, her former boyfriend.
