Caroline Ellison, who previously led Alameda Research and was a key figure in the collapse of the cryptocurrency exchange FTX, has been transferred from federal prison to conditional release. According to the Federal Bureau of Prisons, Ellison is now at a reintegration center in New York, indicating preparations for early release.
This is reported by Finway
Conditions of Release and Possible House Arrest
Officials from the Federal Bureau of Prisons clarified that Ellison’s conditions of release have changed, and she may remain under supervision in the form of house arrest or at a specialized reintegration center. This is a typical procedure for inmates eligible for early release for non-violent offenses. At the same time, Ellison’s exact location is not officially disclosed for security reasons.
“For reasons of privacy, security, and protection, we do not discuss the conditions of confinement for any individual, including the reasons for transfer or release plans, nor do we disclose the specific location of an individual while under supervision,” said BOP spokesperson Randili Jamusso.
Sentencing and Financial Obligations
The court found Caroline Ellison an accomplice in the FTX case alongside Sam Bankman-Fried and sentenced her to two years in prison at the end of September 2024. She served her sentence at the low-security federal prison in Danbury, where she arrived in early November 2024. According to information from Ellison’s record, her likely date of early release is February 20, 2026.
In addition to her prison sentence, Ellison agreed to transfer all her assets to settle the debts of the FTX exchange. Following this, reports indicate that she has almost no personal property left. As of now, neither Ellison nor her lawyers have commented on the current situation regarding her transfer to conditional release.
