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Caroline Ellison Sentenced to 24 Months for FTX Fraud

  • Caroline Ellison, former CEO of Alameda Research, has been sentenced to 24 months in prison for her role in the FTX fraud.
  • FTX, a major cryptocurrency exchange, collapsed in November 2022, leading to significant financial losses for many investors.
  • Caroline Ellison admitted to mismanaging funds and lying to investors about the health of FTX and its sister company, Alameda Research.
  • This case highlights concerns about trust in the crypto market and the need for investors to safeguard their investments.

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