Caroline Ellison will return to New York to be sentenced for her involvement in the misuse of user funds at FTX and Alameda Research. Ellison was the CEO of Alameda before November 2022, when the firm and crypto exchange FTX collapsed.

Fried’s former girlfriend and a top executive in his empire, is set to be sentenced on Sept. 24 for her role in the collapse of the crypto exchange.

Caroline Ellison was praised by prosecutors for her “exemplary” cooperation in the FTX fraud investigation, even though it made her the target of relentless harassment and public scrutiny.

U.S. prosecutors made a case for leniency for former FTX cryptocurrency executive Caroline Ellison when she is sentenced over her role in the exchange's collapse, citing her help in sending FTX founder Sam Bankman-Fried to prison for 25 years.

In a court filing Tuesday night, the attorneys said that, at most, Ellison should be sentenced to time served and supervised release.

The legal team for Caroline Ellison, the former CEO of Alameda Research, has requested a lenient sentence for the star witness of the FTX trial, claiming that Ellison’s cooperation with the government qualifies her for softer sentencing.

Ellison ran Alameda Research, the FTX-affiliated hedge fund, and testified that she committed fraud at founder Sam Bankman-Fried's direction last year.

In a note to the judge, prosecutors noted her cooperation was “not only substantial, but exemplary”. Read more at straitstimes.com.

U.S. prosecutors made a case for leniency for former FTX cryptocurrency executive Caroline Ellison when she is sentenced over her role in the exchange's collapse, citing her help in sending FTX founder Sam Bankman-Fried to prison for 25 years.