Former Alameda Research CEO, Caroline Ellison, was moved out of prison less than halfway through her two-year sentence. She was transferred from Danbury Federal Correctional Institution to community confinement in October. Ellison remains in federal custody, either in home detention or a halfway house.

Ellison pleaded guilty to conspiracy and fraud charges related to FTX’s collapse. She testified against FTX founder Sam Bankman-Fried, revealing how Alameda used customer deposits to stay afloat. Ellison’s lawyers tried to avoid jail time but she was sentenced to two years in prison in September 2024.

Bankman-Fried, sentenced to 25 years in prison, is appealing the ruling. Ellison’s early release, about nine months ahead of schedule, is indicated by online records. The reason for her transfer remains undisclosed. Bankman-Fried’s conviction was linked to Ellison’s testimony.

Read more at Yahoo Finance: FTX’s Caroline Ellison Moved Out Of Prison Less Than 11 Months Into Sentence: What’s Going On?