Caroline Ellison was sentenced to two years in prison for her involvement in the fraud.

Ellison pleaded guilty to seven felony counts, including fraud and conspiracy.

Ellison’s testimony was crucial in the conviction of Sam Bankman-Fried, as she provided detailed accounts of how he directed her and others to misappropriate FTX customer funds.

U.S. District Judge Lewis Kaplan acknowledged that Ellison was “gravely culpable” in the fraud but also recognized her “remarkable cooperation,” which distinguished her from Bankman-Fried.