Former Alameda CEO Caroline Ellison Takes Non-Profit Role After Prison Term

Industry Pulse News Desk · 2026-09-12

Former Alameda Research CEO Caroline Ellison has taken a full-time non-profit job using her legal name after serving 14 months for her role in the FTX fraud.

Caroline Ellison, the former chief executive officer of Alameda Research who served a 14-month prison term for her involvement in the collapse of cryptocurrency exchange FTX, has accepted a full-time position at a non-profit organization under her legal name.

Ellison was a key witness for federal prosecutors following the November 2022 collapse of FTX and its sister hedge fund, Alameda Research. She previously pleaded guilty to seven fraud and conspiracy charges related to the misappropriation of billions of dollars in customer deposits from the trading platform.

During her cooperation with federal law enforcement, Ellison provided extensive testimony regarding the financial operations and internal governance of both entities. Her testimony contributed to the conviction of FTX founder Sam Bankman-Fried, who received a 25-year federal prison sentence for orchestrating the scheme.

Upon completing her prison sentence, Ellison initially worked under a pseudonym before transitioning into the formal, full-time non-profit role. The organization's leadership cited her analytical expertise and public acknowledgment of her past actions as central considerations in the hiring decision.

The downfall of FTX remains one of the largest corporate fraud cases in financial history, sparking global regulatory overhauls for digital asset firms and numerous civil and criminal enforcement actions targeting former executives across the sector.