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.

Ellison pleaded guilty to fraud and conspiracy charges in December 2022, just over a month after FTX’s dramatic collapse.

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.

Former cryptocurrency executive Caroline Ellison urged a federal judge not to send her to prison after she pleaded guilty over her role in the theft of $8 billion from customers of Sam Bankman-Fried's bankrupt FTX exchange.

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.