Former Alameda CEO Caroline Ellison set to face sentencing on Sept. 24 following FTX fallout
Quick Take
- Former co-CEO of Alameda Caroline Ellison pled guilty in December 2022 following the collapse of FTX, which caused consumers to lose billions of dollars.
- Ellison’s lawyer asked the judge on Monday to redact some names and information regarding her living situation that they say could put her at risk.
Former co-CEO of Alameda Caroline Ellison will face sentencing on Sept 24 in a New York courtroom.
Ellison, who is also the ex-girlfriend of former FTX CEO Sam Bankman-Fried, pled guilty in December 2022 following the collapse of the crypto exchange, which caused consumers to lose billions of dollars.
The fraud charges against Ellison include two counts of conspiracy to commit wire fraud, two counts of actual wire fraud and one count of conspiracy to commit money laundering, among others. Those carry a maximum penalty of 110 years in prison but will likely be more lenient for Ellison since she cooperated with prosecutors.
Other former FTX executives, Gary Wang and Nishad Singh, were also charged but have also cooperated with prosecutors. Wang's sentencing is set for Nov. 20, while Singh's will take place on Oct. 30. Bankman-Fried was sentenced to nearly 25 years in prison in March and ordered to pay back up to $11 billion in investor and lender losses.
On Monday, Ellison's lawyer asked the judge to redact some information that they said could put her at risk.
"As the Court is aware, Ms. Ellison has been the focus of intense media scrutiny and Internet fascination since the outset of this case, including from Sam Bankman-Fried’s repeated efforts to release Ms. Ellison’s private information to the media," Ellison's lawyer said. "Because Ms. Ellison’s friends should not be subject to harassment and doxing because they have written to the Court, Ms. Ellison seeks leave to redact their names and other identifying information from the publicly filed version of the letters and her sentencing memorandum."
Ellison’s lawyer also asked for information about her living situation to be redacted.
"Ms. Ellison seeks leave to redact information that might subject her to further harassment and safety threats, including information about where she resides, her partner, and the organizations with which she volunteers," according to the filing.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
