【Two former executives of cryptocurrency exchange FTX have had their sentences reduced】 According to Golden Finance, the Washington Post reports that the sentences of two former executives of cryptocurrency exchange FTX appear to have been shortened. According to information from the U.S. Federal Bureau of Prisons, Ryan Salame began serving his sentence in October, which was set for seven and a half years, and is now expected to be released in March 2031. Caroline Ellison's current expected release date is July 2026, a few months shorter than her original two-year sentence. FTX filed for bankruptcy in 2022 due to concerns about its financial condition and its relationship with sister trading firm Alameda Research, leading to a rapid withdrawal of funds by customers, similar to a bank run. Authorities later accused FTX of misappropriating customer funds for personal use, to repay loans owed to Alameda Research and other projects. This scandal led to a stunning downfall for FTX, once the world's third-largest cryptocurrency exchange, and its founder, Sam Bankman-Fried (SBF). Salame is the former co-CEO of FTX's Bahamian subsidiary, and he admitted to operating an unlicensed remittance business, violating campaign finance laws. Ellison is the former CEO of Alameda, and she pleaded guilty in December 2022 to charges of wire, securities, and commodities fraud, as well as money laundering.