Ellison leaves federal prison: the latest developments in the Alameda-FTX case

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After serving eleven months of her two-year sentence, Caroline Ellison, former CEO of Alameda Research, has been granted house arrest. This transition follows her decisive involvement in the prosecution against Sam Bankman-Fried, founder of the FTX platform, which collapsed amid a massive fraud scandal.

The Crucial Role of Ellison in Exposing the Scandal

Caroline Ellison agreed to actively cooperate with federal authorities in the Alameda Research case, related to a fraudulent operation worth approximately $11 billion. Her collaboration proved instrumental in establishing Bankman-Fried’s responsibilities and clarifying the mechanisms of the fraud. In exchange for this cooperation, she benefits from early release, with a scheduled release date of February 20, 2026.

Regulatory Context and Renewed Efforts Against Financial Crime

The digital asset sector is facing increasing global oversight. The European regulatory framework on crypto-asset markets continues to shape judicial actions worldwide. Meanwhile, regulatory agencies are intensifying their investigations into potential illicit financing circulating through digital assets, signaling a political will to eradicate misuse of the sector.

Implications and Perspectives

The Ellison-Bankman-Fried case remains a major milestone in the regulation of the crypto-asset sector. Authorities are learning lessons from the case to strengthen their detection and prevention mechanisms, while the industry itself is adjusting to the new compliance standards imposed by regulators.

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