Former #FTX executive Ryan Salame, sentenced to 7.5 years in October 2023 for illegal campaign donations and operating an unlicensed money transmission business, will now be released earlier.

His sentence has been reduced by over a year, with an expected release date of March 1, 2031. This reduction is likely tied to the 2018 First Step Act, which grants sentence reductions for good behavior.

FTX founder Sam Bankman-Fried remains sentenced to 25 years, while other executives like Caroline Ellison have also pleaded guilty. The FTX fraud saga underscores the critical need for compliance in crypto.

#crypto #JusticeUpdate #RyanSalame