Caroline Ellison, former Alameda Research CEO, will be released from custody on January 28 after nearly a year in detention.
Caroline Ellison, the ex-CEO of Alameda Research, is scheduled to be released from custody on January 28, following nearly a year in detention.
Currently residing at a halfway house in New York, Ellison is utilizing this transitional facility to prepare for her re-entry into society, which includes job assistance.
She moved to the halfway house in October 2025 after serving time in a federal prison in Connecticut, having begun her two-year sentence in November 2024.
Ellison was notably linked to FTX founder Sam Bankman-Fried and oversaw Alameda Research, which faced collapse in November 2022 due to severe liquidity problems and fund mismanagement.
In December 2022, she pleaded guilty to multiple charges including fraud and conspiracy, and subsequently provided testimony against Bankman-Fried, revealing that she acted on his instructions and had access to client funds.
Bankman-Fried received a 25-year prison sentence in March 2025 and is required to repay $11 billion to affected parties. Recently, U.S. President Donald Trump dismissed the idea of granting him clemency.
Other executives from FTX, Gary Wang and Nishad Singh, also cooperated with investigations and avoided prison sentences. Meanwhile, the U.S. Securities and Exchange Commission has sought to prohibit all three, including Ellison, from holding roles as executives in public companies.
In November 2025, FTX officials retracted a motion that would have limited payouts to users from various countries, including Russia and Ukraine.
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