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So, Caroline Ellison, who was the CEO of Alameda Research, went to jail in November to serve a two-year sentence. She was practically involved in all the FTX chaos, and after admitting guilt in 2022, she cooperated with prosecutors by testifying against Sam Bankman-Fried at the trial.
Caroline Ellison's story is pretty heavy when you think about how it ended: the judge ordered her to report to a low-security facility near Boston. Meanwhile, other FTX and Alameda executives have also received their sentences. Nishad Singh, who was the engineering director, got less time, while Ryan Salame pleaded guilty to similar charges.
What strikes me is how Caroline Ellison has been under insane media pressure since 2022. Stalking, memes, social media criticism—she's basically been publicly targeted the whole time. And considering she also had a personal relationship with Bankman-Fried, it became even more exposed.
Gary Wang, co-founder of FTX, is expected to be the last to receive his sentence on November 20. In short, the FTX collapse continues to leave its mark on everyone involved. What a disaster that story was.