Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.
Former Alameda Research CEO Caroline Ellison should be sentenced to time served and supervised release at most, her attorneys said in a late Tuesday filing.
Ellison, one of FTX founder Sam Bankman-Fried's top lieutenants, testified against him at his trial last year, where he was convicted on seven counts of fraud and conspiracy. Ellison had previously pleaded guilty to fraud tied to FTX's operation shortly after the exchange filed for bankruptcy in the fall of 2022.
The document outlined Ellison's childhood, college and early career, including meeting Bankman-Fried at Jane Street and eventually joining Alameda Research, Bankman-Fried's first company. John J. Ray III, the CEO of the FTX bankruptcy estate, wrote that Ellison's assistance was"valuable" in helping his team take over the exchange as it was falling apart, and that the estate was close to a settlement with Ellison where she would"turn over ... substantially all of her remaining assets" and continue assisting the bankruptcy team in restructuring FTX and its affiliated entities.
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