> don’t be caroline ellison

> born 1994
> stanford math graduate
> joins jane street 2016

> enters crypto in 2018
> joins alameda research
> rises fast
> co-ceo by 2021

> on-and-off with sbf
> runs trading arm of ftx
> billions under control

> november 2022
> ftx collapses
> alameda used customer funds
> $8b hole exposed

> pleads guilty december 2022
> seven felony counts
> wire fraud, securities fraud
> money laundering

> cooperates fully
> becomes star witness
> testimony sinks sbf
> helps secure 25-year sentence

> september 2024
> sentenced to 24 months
> minimum security prison
> $11b forfeiture

> november 2024
> reports to federal custody
> later moved to halfway house

> january 21, 2026
> released from prison custody
> supervision begins
> not fully free

> banned by sec for 10 years
> cannot run public companies
> or crypto exchanges

> low profile
> no statements
> case becomes a lesson

> cooperation matters
> consequences remain
> story permanently changed