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Caroline Ellison’s Sept. 24 sentencing will be the third significant judgment in the FTX scandal, after Ryan Salame and Bankman-Fried.

The European-based firm, a defunct MLM scheme, settled with five U.S. states to return 100% of investor funds from crypto investments.

The judge ruled Legkodymov’s 18 months in Brooklyn’s MDC was sufficient punishment for $700M in illicit proceeds from the Russian dark web.

CFTC did not pursue a civil monetary penalty, allowing the full $12.7 billion to be allocated for repaying FTX’s creditors.

BitMEX co-founders pleaded guilty to similar criminal charges in 2022 and were sentenced to probation.