Disgraced former cryptocurrency executive Caroline Ellison was released from federal custody Thursday after serving about 14 months for her involvement in the multibillion-dollar FTX fraud scandal. Ellison was previously head of FTX’s associated trading arm and the on-again, off-again romantic partner of the crypto exchange’s founder, Sam Bankman-Fried.

Ellison, 31, was sentenced to 24 months in prison in 2024 after pleading guilty to seven charges including wire fraud and money laundering. She featured prominently as a witness for the prosecution of Bankman-Fried, testifying that her former paramour directed her to commit crimes. He was sentenced to 25 years in prison.

Ellison’s release is an epilogue to one of the largest…