The two core figures in the cryptocurrency exchange FTX fraud case, Ryan Salame and Caroline Ellison, are currently serving prison sentences, but according to (Business Insider) reports, their sentences were recently shortened and they were given the opportunity to be released from prison early.
Ryan Salame served as the co-chief executive of FTX Digital Markets, a subsidiary of FTX in the Bahamas, and was also the fourth confidant in the inner circle of FTX founder Sam Bankman-Fried (SBF) to plead guilty. He admitted in September last year to criminal fraud and He was sentenced to seven and a half years in prison in May this year.
Ryan Salame has been in prison since October this year, but the latest information from the Federal Bureau of Prisons shows that his expected release date has been moved forward to March 1, 2031, compared with the original 2032 April came a full year earlier.
In addition, the sentence of Caroline Ellison, SBF’s ex-girlfriend and former CEO of Alameda Research, has also been shortened, and her expected release date has been advanced to July 20, 2026, 3 months earlier than the original date.
Affected by the news, FTX platform currency FTT rose strongly today (27th), once exceeding $4, and has now fallen back to $3.8, with a 24-hour increase of 10%.
The U.S. Federal Bureau of Prisons has not yet responded to media requests for comment, but the Bureau has pointed out in the past that if prisoners behave well, their sentences can be shortened based on Good Conduct Time (GCT).
According to relevant regulations, inmates can receive up to 54 days of good behavior time for every year they serve, and they can also receive additional time points if they participate in various programs within the prison.
"Two core figures in the FTX fraud case received reduced sentences!" FTT rose in response and once exceeded $4." This article was first published on (Block Guest).
