Fried’s former girlfriend and a top executive in his empire, is set to be sentenced on Sept. 24 for her role in the collapse of the crypto exchange.

U.S. prosecutors made a case for leniency for former FTX cryptocurrency executive Caroline Ellison when she is sentenced over her role in the exchange's collapse, citing her help in sending FTX founder Sam Bankman-Fried to prison for 25 years.

Caroline Ellison will return to New York to be sentenced for her involvement in the misuse of user funds at FTX and Alameda Research. Ellison was the CEO of Alameda before November 2022, when the firm and crypto exchange FTX collapsed.

Caroline Ellison was praised by prosecutors for her “exemplary” cooperation in the FTX fraud investigation, even though it made her the target of relentless harassment and public scrutiny.

In a court filing Tuesday night, attorneys said that, at most, Ellison should be sentenced to time served and supervised release.

At Bankman-Fried's trial, Ellison and two other former colleagues testified that the former billionaire directed them to use FTX customer funds to plug losses at his cryptocurrency-focused hedge fund Alameda Research, where Ellison was chief executive.

U.S. prosecutors are praising the ex-girlfriend of Sam Bankman-Fried, Alameda Research CEO Caroline Ellison. Here's why.

In a note to the judge, prosecutors noted her cooperation was “not only substantial, but exemplary”. Read more at straitstimes.com.