Former Alameda Research CEO Caroline Ellison reported to prison to begin serving a two-year sentence for her role in the FTX fraud case

DANBURY, Conn. -- Caroline Ellison, a former top executive in Sam Bankman-Fried ’s fallen FTX cryptocurrency empire, began her two-year prison sentence Thursday for her role in a fraud that cost investors, lenders and customers billions of dollars.

Former FTX executive Caroline Ellison is set to start her two-year prison term in Connecticut. According to a new report by CNBC, a Bureau of Prison (BOP) spokesperson said that Caroline Ellison – the former CEO of FTX's sister company Alameda Research – will begin her two-year sentence after serving as the prosecution's star witness.

Caroline Ellison, the key witness in the case against FTX founder Sam Bankman-Fried, arrived at a low-security federal prison in Connecticut on Thursday, according to a Bureau of Prisons official. TakeAway Points: In the Connecticut suburbs,

Gary Wang's legal team asked for the FTX co-founder to be spared from prison, much like fellow exec Nishad Singh was after cooperating.

Caroline Ellison, who pleaded guilty to fraud charges tied to the collapse of crypto exchange FTX, is beginning her two-year prison sentence.

Ellison, 30, reported to the federal prison in Danbury, Conn., according to the Federal Bureau of Prisons. She had pleaded guilty and testified extensively against Bankman-Fried, her former boyfriend,