Caroline Ellison, the former co-CEO of Alameda Research, was released from federal custody today after serving roughly 440 days of a two-year prison sentence tied to her role in the collapse of FTX and Alameda Research.

The release came about ten months ahead of her originally scheduled term, reflecting her cooperation with prosecutors and good conduct.

Ellison pleaded guilty in late 2022 to multiple fraud and conspiracy charges related to the misuse of customer funds at FTX and the collapse of Alameda Research. Her testimony detailed how Alameda and FTX commingled customer funds and concealed financial shortfalls, evidence that contributed to Bankman-Fried’s conviction and 25-year sentence.

Federal court records show Ellison was transferred to community confinement in late 2025 before completing her custodial term and moving into post-release supervision today.

Under her sentencing agreement, regulators have barred her from serving in executive roles at public firms or crypto exchanges for ten years.