Caroline Ellison was sentenced to two years in prison for her involvement in the fraud.
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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.
U.S. District Judge Lewis Kaplan acknowledged that Ellison was βgravely culpableβ in the fraud but also recognized her βremarkable cooperation,β which distinguished her from Bankman-Fried.
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