Ex-Alameda CEO avoids federal prison over holidays time

Former Alameda Research chief executive Caroline Ellison has been transferred out of federal prison around two months before her expected release date.

Ellison was moved from the Federal Correctional Institution in Danbury, Connecticut, where she had been serving her sentence.

Federal Bureau of Prisons records show she is now assigned to a Residential Reentry Management field office in New York City.

The transfer marks the first change in her housing status since she reported to FCI Danbury in November 2024.

Ellison is serving a two-year sentence after pleading guilty to charges tied to the collapse of cryptocurrency exchange FTX.

Prison officials approved the transfer in October but did not publicly explain the reason for the move.

According to Bureau of Prisons data, Ellison is scheduled to be released on Feb. 20.

The release date is around nine months earlier than the full term of her original sentence.

Ellison received a far lighter sentence than former FTX chief executive Sam Bankman-Fried.

Bankman-Fried was sentenced to 25 years in prison for fraud and related offences.