Ellison’s sentence was reduced due to her significant cooperation with the authorities, which was instrumental in securing Bankman-Fried’s conviction. Prosecutors recommended leniency because of her honest and full cooperation.

Ellison faced a potential maximum sentence of 110 years in prison for her crimes.

Besides Ellison, Nishad Singh and Gary Wang, two other former FTX executives who cooperated with prosecutors, are awaiting sentencing in October and November, respectively.

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.