Sam Bankman-Fried’s ex-girlfriend Caroline Ellison moved out of jail

Caroline Ellison, the on-again-off-again girlfriend of convicted fraudster Sam Bankman-Fried who headed his crypto hedge fund Alameda Research before testifying against him, has been quietly moved out of federal prison after serving about 11 months of her two-year sentence, according to Business Insider.

Ellison, 31, was transferred on Oct. 16 from the low-security Danbury Federal Correctional Institution in Connecticut to community confinement, a Federal Bureau of Prisons spokesperson told Business Insider.

Ellison, who wrote specific, now-deleted blog posts about polyamory, sexual fantasies and her views on energy and finance that resurfaced in the days following the collapse of FTX and Alameda, remains in federal custody.

Caroline Ellison, the former Alameda Research CEO and onetime girlfriend of FTX founder Sam Bankman-Fried, has been moved from federal jail to community confinement after serving about 11 months of her sentence. Gregory P. Mango

She is now both remanded to home confinement or dwelling in a midway home, BOP spokesperson Randilee Giamusso said. A BOP rep confirmed Ellison’s switch in an emailed assertion to The Post.

The company declined to supply particulars, citing privateness and safety issues.

Ellison’s lawyer declined to remark.

Online jail data checklist Ellison’s projected release date as Feb. 20, 2026 — almost 9 months earlier than her authentic sentence would counsel.

Ellison reported to Danbury in early November 2024 after being sentenced to two years in prison for her position in the sprawling multibillion-dollar fraud that introduced down Bankman-Fried’s crypto empire.

Ellison, who testified against ex-boyfriend Sam Bankman-Fried in the FTX fraud case, was transferred out of federal jail in October, according to the Bureau of Prisons. AP

She pleaded guilty in December 2022 to seven prison counts, including fraud and conspiracy, for her position in an $11 billion scheme that siphoned buyer funds from the FTX cryptocurrency exchange to prop up Alameda Research.

Ellison was accused of conspiring to help Bankman-Fried orchestrate the secret switch of billions of {dollars} in FTX buyer money to Alameda, which then used the funds to cowl mounting losses and make dangerous bets.

Ellison also admitted to creating false stability sheets that have been shown to lenders to hide Alameda’s true financial condition.

Her cooperation made her the authorities’s most important witness at Bankman-Fried’s trial.

At Ellison’s sentencing listening to in September 2024, US District Judge Lewis Kaplan praised her “substantial” cooperation with prosecutors however said the seriousness of the crimes required jail time.

Ellison’s attorneys had urged Kaplan to spare her incarceration altogether, arguing that her cooperation was extraordinary and important to the case.

Ellison, the authorities’s star witness in the FTX case against Sam Bankman-Fried, is serving the the rest of her sentence outdoors jail partitions. Steven Hirsch

Kaplan rejected that request, calling it a “literal get-out-of-jail-free card.”

The choose in the end imposed a two-year jail sentence — far below what she may have confronted without cooperation, however still a custodial time period.

Ellison’s transfer to community confinement comes as other cooperating FTX insiders have already prevented extra jail time.

Gary Wang, FTX’s co-founder and chief technology officer, and Nishad Singh, the company’s former head of engineering, each pleaded guilty and cooperated extensively with the authorities.

FTX collapsed in November 2022 after it was revealed that roughly $8 billion to $11 billion in buyer funds had been secretly siphoned to its sister firm Alameda Research. REUTERS

Each was sentenced to time served.

Ryan Salame, a former FTX govt who didn’t cooperate, obtained a 7.5-year jail sentence.

In March of last 12 months, Bankman-Fried was sentenced by Kaplan to 25 years in jail after being discovered guilty on all counts.

The disgraced FTX founder is presently incarcerated at a low-security federal jail in San Pedro, Calif., while he appeals his conviction and sentence.

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