Ellison was sentenced for her role in a massive financial fraud, which involved the misappropriation of $8 billion in customer funds from FTX, the cryptocurrency exchange founded by Sam Bankman-Fried. Β
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Yes, during her sentencing hearing, Ellison expressed deep regret, saying that she thinks about the harm she caused every day and wished she had been brave enough to speak out sooner.
Ellison is scheduled to begin her prison sentence in November, and she is expected to serve her time in a minimum-security facility.
At the peak of his career during the cryptocurrency boom, Sam Bankman-Friedβs net worth was estimated at $26 billion according to Forbes.