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Caroline Ellison Released From Federal Custody After 14 Months in FTX Case

Her cooperation with prosecutors helped secure an early release under federal reentry rules.

Overview

  • The Bureau of Prisons confirmed Ellison left community confinement on Wednesday, ending roughly 14 months in custody.
  • She served about 440 days of a two-year sentence after an October transfer to a New York residential reentry facility and the award of good-conduct credits.
  • Ellison remains subject to three years of supervised release, a 10-year bar on serving as an officer or director of public companies or crypto exchanges, and existing forfeiture orders.
  • Prosecutors called her cooperation critical to Sam Bankman-Fried’s conviction, and FTX’s bankruptcy overseer said it aided efforts to trace and recover assets for creditors.
  • Bankman-Fried is serving about 25 years while appealing, as cooperating executives Gary Wang and Nishad Singh avoided prison and Ryan Salame received a 7.5-year term.