So, Caroline Ellison started serving her two-year prison sentence in November. The former CEO of Alameda Research reported to a low-security facility near Boston after months of being out on bail while testifying against SBF at the trial. Crazy how the legal system gave all these executives different timelines to turn themselves in.

Ellison cooperated with federal prosecutors, which probably helped her avoid an even harsher sentence. But still, two years in prison for your role in the FTX collapse is no joke. Meanwhile, other former Alameda and FTX executives are facing their sentences: Nishad Singh received a reduced sentence, Ryan Salame pleaded guilty, and Gary Wang is still awaiting sentencing in November.

What strikes me is how much public scrutiny Caroline Ellison has faced throughout this — memes, social media criticism, people following her outside the courthouse. It’s been almost a media spectacle. But at least now, the situation is winding down, even though the consequences of the FTX collapse will continue to ripple through the crypto community for years. Crazy how everything fell apart so quickly.