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Michael M. Santiago/Getty Images News
- Caroline Ellison, the former CEO of Alameda Research, has been sentenced to 24 months behind bars for her role in the fraud that led to the collapse of cryptocurrency exchange FTX (FTT-USD), Judge Lewis Kaplan ruled in a federal court in New York on Tuesday.
- Kaplan said that Ellison can serve the sentence at a minimum-security facility. The surrender date should be set on or after Nov. 7, 2024, he added.
- In addition to the jail time, Ellison also must forfeit about $11B, Kaplan said.
- This is a developing story. Check back for updates.
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