Caroline Ellison, flanked by her attorneys, was sentenced to two years in prison and three years of supervised release for her role in propping up FTX and Alameda Research last week.

Fried, the disgraced founder of FTX, Ms. Ellison pleaded guilty to conspiring with him to steal $8 billion and became a crucial witness for the prosecution.

Caroline Ellison‘s role in the FTX collapse has drawn significant attention as the scandal continues to unfold. As the former CEO of Alameda Research, Ellison’s actions have sparked debates about her involvement.

Fried’s former girlfriend to two years in prison, citing her extensive cooperation with prosecutors that led to the conviction of the former face of the cryptocurrency industry in one of the largest financial frauds in US history.

Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison for her role in the FTX collapse. She must also forfeit $11 billion.

The judge said prison time was necessary because she participated in what might be the “greatest financial fraud ever …”

Caroline Ellison was sentenced Tuesday to 24 months for her role in covering up Sam Bankman-Fried's rampant fraud at FTX—which caused billions in customer losses. Addressing the judge at sentencing, Ellison started out by explaining "how sorry I am" for concealing FTX's lies, Bloomberg reported live from the hearing.

Ellison was sentenced to two years in prison after she apologized for a fraud that stole billions of dollars from investors and customers.