PANews reported on September 18 that Caroline Ellison, former CEO of Alameda Research, will have her sentencing hearing on September 24. According to Cointelegraph, US prosecutors submitted a document to the US District Court for the Southern District of New York on September 17 stating that Ellison provided "extraordinary cooperation" in the prosecution of former FTX CEO Sam Bankman-Fried (SBF). They said she assisted in the investigation into the illegal activities of Alameda Research and FTX, provided "credible and powerful testimony" against SBF at trial, and admitted to her own serious misconduct in the collapse of FTX. While Ellison was involved in wrongdoing, prosecutors attributed primary responsibility to SBF.

Ellison previously pleaded guilty to seven charges of wire fraud, commodity fraud, securities fraud, and money laundering. Prosecutors recommended leniency in her sentencing, while her lawyer requested time served and three years of supervised release.