Ex-Alameda CEO Caroline Ellison’s Sentencing Set for Sept. 24

Former Alameda Research CEO Faces Sentencing

Caroline Ellison, the former CEO of Alameda Research, is scheduled for her sentencing hearing on September 24, two years after the collapse of the FTX exchange, which was once run by her former partner, Sam Bankman-Fried. According to a recent court filing, Ellison is requesting permission to redact certain sensitive details from her upcoming sentencing submission. This move is aimed at protecting the identities of third parties and her current living situation from public exposure.

Request for Privacy Protections

In a filing submitted to Judge Kaplan, Ellison’s attorney asked for privacy protections, specifically requesting that names and personal information of individuals who have written letters of support on Ellison’s behalf be kept confidential. The filing argues that disclosing this information could lead to harassment or doxing, especially given the intense media attention surrounding Ellison’s case.

The request was further driven by Bankman-Fried’s previous actions, where he attempted to reveal Ellison’s private details, raising concerns about the safety of Ellison’s supporters. The legal team highlighted the need to strike a balance between public access to court documents and the privacy rights of those not directly involved in the case. The redactions are not expected to influence the court’s decision, as the sensitive information is not crucial to the sentencing outcome.

Protecting Personal and Medical Information

The court filing also outlines Ellison’s intention to protect specific medical details and aspects of her living situation from being made public. While court rules allow for the redaction of medical records, Ellison is seeking to shield information that, though not part of formal documentation, could jeopardize her safety if disclosed.

Additionally, Ellison plans to submit journal entries that detail her state of mind during her time at Alameda Research. However, she is asking to redact parts that could reveal potentially embarrassing information about other individuals, which her legal team argues holds no public relevance. Ellison’s lawyers have pointed out that the court has granted similar requests in previous cases.

The FTX and Alameda Scandal’s Impact

Ellison has played a central role in the FTX scandal, admitting to working with Bankman-Fried to defraud investors, lenders, and consumers. She revealed that FTX executives had received large loans from Alameda Research, contributing to the downfall of both entities.

Bankman-Fried, on the other hand, is currently serving a 25-year sentence at a detention center, following a court ruling with major implications for the broader crypto market. Despite the legal troubles, the FTX token has experienced modest gains in recent days, reflecting Bitcoin’s recent rally as it attempts to regain stability.

Ellison’s sentencing hearing is expected to bring further clarity to the fallout from the FTX and Alameda scandal, as well as the wider effects on the cryptocurrency sector.