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Caroline Ellison, the former CEO of Alameda Research and a key figure in the FTX cryptocurrency scandal, has begun serving a two-year prison sentence. This sentence follows her involvement in a fraud scheme that resulted in the collapse of FTX, costing investors, lenders, and customers an estimated $32 billion. Ellison reported to prison on November 8, 2024, after admitting to her role in misappropriating funds within the FTX empire, which was led by Sam Bankman-Fried. Her sentencing is part of the broader fallout from the FTX collapse, which has drawn significant attention to issues of fraud and regulation in the cryptocurrency sector.
Nov 7: a former 🇨🇳 employee of SK Hynix was sentenced to one and a half years in prison with a fine of 20 million won ($14,319) by the Yeoju branch of 🇰🇷 Suwon District Court for stealing core semiconductor manufacturing technology from SK Hynix before moving to 🇨🇳 Huawei.… https://t.co/KsnzpagOdL https://t.co/Ixk9ViPVKX
A Chinese official, Wang Moumou, was sentenced to life in prison for selling state secrets in exchange for over 1 million yuan in cryptocurrency to cover his crypto investment losses. https://t.co/Jnag41t09w
🇺🇸FTX'S CAROLINE ELLISON REPORTS TO PRISON AFTER $32-BILLION CRYPTO COLLAPSE Caroline Ellison, former CEO of Alameda Research, begins a 2-year prison sentence for her role in the massive fraud that led to FTX’s $32 billion collapse. Ellison admitted to helping misappropriate… https://t.co/toMHuk8Ibp
