According to a report by Golden Finance and the Washington Post, the sentences of two former executives of the cryptocurrency exchange FTX appear to have been reduced. According to information from the Federal Bureau of Prisons website, Ryan Salame began serving his sentence in October, which is for 7 and a half years, and is now expected to be released in March 2031. Caroline Ellison now has an expected release date of July 2026, which is a few months less than her original two-year sentence. FTX filed for bankruptcy in 2022 due to questions regarding its financial situation and its relationship with sister trading firm Alameda Research, leading to a rapid withdrawal of customer funds, similar to a bank run. Authorities later accused FTX of misappropriating customer funds for personal use, to repay loans owed to Alameda Research and for other projects. This scandal resulted in a stunning downfall for FTX, which was once the third-largest cryptocurrency exchange in the world, 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 money transfer business in violation of campaign finance laws. Ellison is the former CEO of Alameda, and she pleaded guilty in December 2022 to charges of wire fraud, securities fraud, and money laundering.