Former Alameda CEO Caroline Ellison has been sentenced to 24 months in prison for her role in the collapse of the former crypto exchange FTX. 

Bloomberg first reported the news.

The prison sentence is far below the maximum 110 years her charges carry. Her “extraordinary cooperation” with prosecutors during and ahead of FTX founder Sam Bankman-Fried’s trial warrants no jail time, her attorneys said. 

Ellison’s role in the crimes was a result of her “warped” moral sense due to Bankman-Fried’s influence, her team added. 

Read more: Former FTX execs, government witnesses to be sentenced this fall

“Bankman-Fried convinced her to stay, telling her she was essential to the…

Read more on Blockworks