Caroline Ellison, the former chief of Alameda Research, is on track to be released from federal custody after finishing a total of 440 days of a sentence originally set for two years.

Her release is planned for Wednesday, according to records from the Federal Bureau of Prisons, coming more than a year after she began her imprisonment at a facility in Danbury, Connecticut.

Ellison is among three executives associated with the now-defunct cryptocurrency exchange FTX who faced prison time alongside Sam “SBF” Bankman-Fried and Ryan Salame.

Caroline Ellison’s X profile Caroline Ellison’s X profile. Source: carolinecapital

Following the FTX collapse in November 2022, which was marked by serious liquidity challenges, Ellison and others faced indictments for fraud and money laundering. She testified against Bankman-Fried in court and agreed to a plea deal, resulting in her two-year sentence.

Initially, her release was expected in February, still short of her full sentence, but many federal inmates can accumulate good-conduct credits. Ellison was later transferred to a reentry facility in New York City to finish her sentence.

Cointelegraph attempted to reach out to Ellison’s legal team, but no commentary was made.

Other FTX Executives Facing Sentences

Sam Bankman-Fried received a 25-year prison sentence for seven felonies related to mismanagement of FTX user funds and is set for release in 2044. Meanwhile, Singh and Wang were sentenced to time served and remain free, while Salame’s release is anticipated in 2030.

Ellison, along with other former executives, cannot assume leadership roles in any cryptocurrency exchange due to a consent judgment from the US Securities and Exchange Commission. She has not stated intentions of returning to the crypto industry.

Ellison was given a ten-year ban, while Wang and Singh received eight-year bans each.