Caroline Ellison Exits Federal Custody After FTX Cooperation, Faces 10-Year Industry Ban
Former Alameda Research co-CEO Caroline Ellison concludes her 14-month federal custody, transitioning to community supervision with a decade-long ban from executive roles in public companies and cryptocurrency exchanges.
Summary
Caroline Ellison, former co-CEO of Alameda Research, has been released from federal custody after 14 months, following her cooperation in the FTX case. As part of her settlement with the U.S. SEC, Ellison now faces a 10-year ban from holding executive roles in public companies and cryptocurrency exchanges. She will complete her supervision under these restrictions, marking the next phase of regulatory enforcement tied to the FTX scandal.
Terms & Concepts
- Alameda Research: A cryptocurrency trading firm closely associated with FTX, known for quantitative trading and market-making.
- Crypto exchange: A platform where users buy, sell, and trade cryptocurrencies, providing liquidity and price discovery for digital assets.