Bankman-Fried’s Ex Learns Her Fate for Role in Crypto Fraud
Caroline Ellison, the cryptocurrency executive who helped her ex-boyfriend Sam Bankman-Fried steal $8 billion in customer funds, was sentenced to two years in prison on Tuesday and made to forfeit $11 billion for her role in the fraud.
Ellison, who ran the hedge fund tied to the digital currency trading platform FTX, pleaded guilty to seven counts of fraud and conspiracy.
The relatively light sentence—as Ellison’s charges carried a maximum sentence of 110 years—comes after she testified against Bankman-Fried, who was sentenced to 25 years in prison for the fraud that led to FTX’s sudden collapse in Nov. 2022.