Overview

• Sam Bankman-Fried was sentenced in March 2024 to 25 years in prison for orchestrating an $11 billion cryptocurrency fraud involving FTX and Alameda Research.
• The Bureau of Prisons projects his release date as December 14, 2044, more than four years earlier than his original sentence, due to Good Conduct Time credits and participation in prison programs.
• Caroline Ellison, former Alameda Research CEO and a key figure in the fraud, was sentenced to two years and is expected to be released in May 2026 after similar sentence reductions.
• Bankman-Fried was initially held at the Metropolitan Detention Center in Brooklyn before being transferred to FCI Terminal Island in California following a controversial interview with Tucker Carlson.
• The FTX collapse in November 2022 led to significant financial losses, bankruptcy, and intensified scrutiny over cryptocurrency industry regulations.