FTX Executives Ryan Salame and Caroline Ellison See Reduced Prison Sentences

Both former FTX leaders have had their release dates moved up due to good conduct credits, following their convictions in the cryptocurrency fraud scandal.

Ryan Salame, former head of FTX Digital Markets, is now set for release in March 2031, over a year earlier than his original April 2032 date.
Caroline Ellison, former CEO of Alameda Research, will be released in July 2025, three months earlier than initially scheduled.
The Federal Bureau of Prisons confirmed the reductions are due to accrued Good Conduct Time under the First Step Act, which allows inmates to earn up to 54 days off per year for good behavior.
Ellison and Salame were key figures in the collapse of FTX, which lost billions of dollars in customer funds and sent shockwaves through the cryptocurrency market in 2022.
Sam Bankman-Fried, the founder of FTX, is serving a 25-year sentence for fraud, while other executives, Gary Wang and Nishad Singh, avoided prison due to their cooperation with authorities.