CHART: FTX and Alameda execs get a total of 34.5 years in prison
Five FTX and Alameda Research executives have now been sentenced, with only three of them expected to serve any time in prison.
Five FTX and Alameda Research executives have now been sentenced, with only three of them expected to serve any time in prison.
Caroline Ellison is the third individual related to the collapse of FTX to be sentenced. Two others will learn their fate later this year.
Caroline Ellison has been sentenced to two years in prison for her role in the FTX-Alameda Research fraud.
Sean ‘Diddy’ Combs was jailed at the Brooklyn Metropolitan Detention Center, which has been home to Bankman-Fried since his April sentencing.
FTX customers can expect to be repaid ‘in full, with interest.’ However, their repayments are based on a bitcoin price of $16,871.