Ryan Salame and Caroline Ellison, two core figures in the cryptocurrency exchange FTX fraud case, are currently serving their sentences, but according to Business Insider, their sentences were recently shortened and they were given the opportunity to be released early.
Ryan Salame, formerly co-CEO of FTX Digital Markets, a subsidiary of FTX in the Bahamas, was the fourth close associate of FTX founder Sam Bankman-Fried (SBF) to plead guilty. He pleaded guilty to criminal fraud in September last year and was sentenced to seven and a half years in prison in May this year.
Ryan Salame has been serving his sentence in prison since October this year, but the latest data from the Federal Bureau of Prisons shows that his expected release date has been brought forward to March 1, 2031, more than a full year earlier than the original April 2032.
In addition, the sentence of SBF's ex-girlfriend and former CEO of Alameda Research, Caroline Ellison, was also shortened, and her expected release date has been brought forward to July 20, 2026, three months earlier than originally scheduled.
Influenced by the news, FTX platform currency FTT rose strongly today (27), once breaking through 4 US dollars, and has now fallen back to 3.8 US dollars, with a 24-hour increase of 10%.
The 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, prisoners can earn up to 54 days of good behavior time for every year they serve in prison, and they can also earn additional time points if they participate in various programs within the prison.
