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Former Alameda Research chief executive Caroline Ellison has been transferred out of federal prison around two months before her expected release date.
Ellison was moved from the Federal Correctional Institution in Danbury, Connecticut, where she had been serving her sentence.
Federal Bureau of Prisons records show she is now assigned to a Residential Reentry Management field office in New York City.
The transfer marks the first change in her housing status since she reported to FCI Danbury in November 2024.
Ellison is serving a two-year sentence after pleading guilty to charges tied to the collapse of cryptocurrency exchange FTX.
Prison officials approved the transfer in October but did not publicly explain the reason for the move.
According to Bureau of Prisons data, Ellison is scheduled to be released on Feb. 20.
The release date is around nine months earlier than the full term of her original sentence.
Ellison received a far lighter sentence than former FTX chief executive Sam Bankman-Fried.
Bankman-Fried was sentenced to 25 years in prison for fraud and related offences.
Ellison cooperated with prosecutors and testified during Bankman-Fried’s criminal trial.
She told the court that Bankman-Fried “set up the systems” that enabled the misuse of customer funds.
Another defendant, former FTX Digital Markets co-CEO Ryan Salame, was sentenced to seven-and-a-half years in prison.
Ellison joined Alameda Research in 2017 and became sole chief executive in August 2022.
Prosecutors said Ellison endured intense public scrutiny following the exchange’s collapse.
“While public scrutiny of a criminal defendant’s or cooperator’s criminal misconduct is understandable, Ellison endured far more than that,” prosecutors said.
Authorities noted she was mocked online and harassed outside court proceedings.
Her transfer comes ahead of renewed attention linked to a forthcoming Netflix series.