Caroline Ellison, the former CEO of Alameda Research, has been sentenced to two years in prison for her role in the FTX fraud, and she must forfeit $11 billion. In December 2022, she pleaded guilty to two counts of wire fraud and five counts of conspiracy as part of a cooperation agreement. Her cooperation was deemed ‘remarkable’ and ‘timely’ by prosecutors, and she provided crucial testimony against Sam Bankman-Fried. Despite her legal team and the federal Probation Department advocating for no incarceration, Judge Lewis Kaplan acknowledged her responsibility in the fraud. Ellison’s early cooperation helped in recovering customer assets and facilitated the prompt indictment of Bankman-Fried. She has faced significant personal repercussions, including public scrutiny and harassment, and has expressed genuine remorse for her actions.