Caroline Ellison, a key witness in the FTX scandal, has officially ended her detention and been released. This news once again shifts the focus back to the shocking collapse event that rocked the entire crypto ecosystem.

Many people's impressions of her remain at a superficial level, but her background is far more complex than imagined.

From her resume, she is a typical elite. Her parents work in the MIT Economics Department, she graduated from Stanford's Mathematics Department, and during her school years, she had already mastered advanced theories such as Bayesian statistics. Top Wall Street quantitative firms like Jane Street endorsed her, and she was later recruited by SBF to oversee trading operations at Alameda Research. She has publicly advocated that young people should "reduce risk aversion and increase decision-making confidence," but before her words could settle, she used billions of dollars in client assets to engage in a risky leverage game.

Ironically, when the situation spiraled out of control, this math genius showed a cold rationality. While SBF was still struggling to hold on, she quickly turned around, chose to plead guilty, cooperate with the investigation, and serve as a witness. Her strong accusations in court directly led to SBF's 25-year imprisonment. Due to her "cooperative behavior," she was released early.

Now 31 years old, although she has regained her freedom, the cost is clear—her career is essentially over, and she is barred from holding executive positions in any publicly listed company or exchange for the next 10 years. Once at the helm of assets worth hundreds of billions, the genius can now only bear the label of a scammer and start anew.