Former Alameda CEO set for release after 440 days in US custody

Former Alameda Research chief executive Caroline Ellison is scheduled for release from federal custody after serving 440 days of a two-year sentence.

Federal Bureau of Prisons records show Ellison will be released from a New York City reentry facility on Wednesday.

Ellison reported to prison in Danbury, Connecticut, more than a year ago before transferring to a halfway house in October.

She was one of several executives tied to the collapsed crypto exchange FTX to receive a prison sentence.

Ellison testified against former FTX chief executive Sam Bankman-Fried and accepted a plea deal for her cooperation.

Her early release reflects eligibility for good-conduct credits under federal sentencing rules.

Bankman-Fried was sentenced to 25 years in prison and is scheduled for release in 2044.

Former FTX Digital Markets co-chief executive Ryan Salame remains incarcerated and is due for release in 2030.

Gary Wang and Nishad Singh were sentenced to time served and remain free.

Ellison and other former executives are barred from holding leadership roles at crypto firms under an SEC consent judgment.