Caroline Ellison, a former top executive in Sam Bankman-Fried ’s fallen FTX cryptocurrency empire, began her two-year prison sentence Thursday for her role in a fraud that cost investors, lenders and customers billions of dollars.

Caroline Ellison, who pleaded guilty to fraud charges tied to the collapse of crypto exchange FTX, is beginning her two-year prison sentence.

Former FTX executive Caroline Ellison is set to start her two-year prison term in Connecticut. According to a new report by CNBC, a Bureau of Prison (BOP) spokesperson said that Caroline Ellison – the former CEO of FTX's sister company Alameda Research – will begin her two-year sentence after serving as the prosecution's star witness.

Caroline Ellison, the key witness in the case against FTX founder Sam Bankman-Fried, arrived at a low-security federal prison in Connecticut on Thursday, according to a Bureau of Prisons official. TakeAway Points: In the Connecticut suburbs,

Caroline Ellison began serving her prison sentence of two years on Thursday for her role in the collapse of crypto exchange FTX that caused customers to lose billions of dollars.

Caroline Ellison, former CEO of Alameda Research, is expected to begin her two-year prison sentence today for her involvement in the FTX scandal.

Gary Wang's legal team asked for the FTX co-founder to be spared from prison, much like fellow exec Nishad Singh was after cooperating.