ChainCatcher reports that US prosecutors have recommended a lenient sentence for former Alameda Research CEO Caroline Ellison in court filings submitted on September 17. Prosecutors said Ellison provided "extraordinary cooperation" in the case against former FTX CEO Sam Bankman-Fried, assisting in the investigation of misconduct at Alameda Research and FTX.

Prosecutors emphasized that while Ellison played a central role in SBF's criminal scheme, she was not involved in all aspects of FTX. Ellison pleaded guilty in December 2022 and testified at SBF's trial.

In light of Ellison's cooperation and contributions to the case, prosecutors believe her testimony was crucial in securing SBF's indictment and conviction. Ellison's lawyers previously requested probation for her. She is scheduled to appear in court for sentencing on September 24.