Caroline Ellison, the former CEO of Alameda Research, has begun her two-year prison sentence as of Thursday, November 7. This comes in connection to her involvement in the collapse of the cryptocurrency exchange FTX. The announcement was confirmed by the Federal Bureau of Prisons this week.
In addition to her prison sentence, Ellison is also required to pay a hefty fine amounting to $11 billion, further emphasizing the severity of the case. The FTX collapse has had widespread ramifications in the cryptocurrency industry, drawing attention to the importance of regulatory measures.
