Caroline Ellison, a former top executive at FTX, has been sentenced to 24 months in prison for her role in a multibillion-dollar fraud. But Ellison's story is not just one of crime and punishment. It's a tale of vulnerability, exploitation, and ultimately, redemption. Ellison, 29, pleaded guilty ne
Caroline Ellison, the former CEO of Alameda Research, was once a key player in the cryptocurrency world. However, her involvement in the FTX fraud scheme led to her downfall and a subsequent plea deal. On Tuesday, she was sentenced to two years in prison and ordered to forfeit $11 billion. This outc
Caroline Ellison's story is one of entrapping passion and crippling dependence. As the co-chief executive of Alameda Research, she was deeply entwined with her on-again, off-again boyfriend, former FTX CEO Sam Bankman-Fried. Ellison's relationship with Bankman-Fried began when she was just an intern
The Trump family's foray into the world of cryptocurrency is no surprise. As Trump seeks to regain the White House, he needs all the help he can get - particularly from Silicon Valley. The crypto community, on the other hand, is desperate for a friendly ear in Washington. They believe that Trump, as
FTX's downfall was marked by its poor balance sheet and liquidity crisis, which led to a $10 billion fraud committed against customer funds. The company's collapse sent shockwaves throughout the crypto industry, causing a ripple effect that left several other companies reeling. BlockFi, Voyager, Cel
It's a tale of caution, a story of how even the most cutting-edge and sophisticated companies can crumble under the weight of deception. Thoma Bravo, a private equity investor, once hailed FTX as the "most cutting-edge, sophisticated cryptocurrency exchange in the world." But now, after the company'
As Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, awaits her sentencing, her lawyers are pushing for a lenient punishment. In a recent court filing, they argue that Ellison should receive no prison time for her role in the crypto empire's implosion. But is th
The world of finance is abuzz with the news that Morgan Stanley, one of the largest wealth management firms, is now allowing its 15,000 financial advisors to offer bitcoin ETFs to select clients. This move marks a significant shift in the adoption of bitcoin by mainstream finance, and raises importa
