FTX subsidiary FTX Digital Markets co-CEO Ryan Salame has had his prison sentence reduced by a year. He was previously sentenced to 7.5 years in prison back in May, but is now scheduled to be released in March 2031. The reason for the reduction is unclear. Salame was one of several FTX executives who pleaded guilty to charges related to the collapse of the cryptocurrency exchange. He was accused of helping to conceal the true financial condition of FTX by manipulating its books. The reduction in Salame's sentence is a significant development, as it suggests that prosecutors may be willing to offer more lenient sentences to FTX executives who cooperate with their investigation.