Ex-Alameda CEO won’t be spending the holidays in federal prison
With about two months remaining until her expected release date, former Alameda Research CEO Caroline Ellison has been transferred out of federal prison.
Caroline Ellison, the former CEO of Alameda Research who pleaded guilty to charges related to her role in the collapse of cryptocurrency exchange FTX, has been transferred out of the Federal Correctional Institution (FCI) in Danbury, Connecticut, where she spent the past few months serving her two-year sentence.
According to Federal Bureau of Prisons records as of Wednesday, Ellison was located at a Residential Reentry Management field office in New York City, marking the first change in housing since she reported to FCI Danbury in November 2024.
The former Alameda CEO received a two-year sentence for her role in FTX’s downfall — one of the lighter sentences compared to that of the exchange’s CEO, Sam “SBF” Bankman-Fried, who was sentenced to 25 years.
