Krutika Adani
As compared to Sam Bankman-Fried’s 25 years, Caroline got a prison sentence of 2 years, reportedly for cooperation with law enforcement.
The two-year prison sentence was on account of committing fraud at her firm, Alameda Research and for being a collaborator in the FTX case.
Caroline Allison was one of the few top executives who together gambled away the customer deposited funds at the now-defunct crypto exchange FTX and is sister concern Alameda Research.
Despite all the losses. FTX under its new CEO John Ray III, managed to salvage enough assets to pay over 98% of its customers demanding $50,000 or less in compensation.