- The sentence of former FTX executive Ryan Salame has been reduced by one year, changing his expected release to March 2031.
- Former CEO Salame was sentenced to 7 years and 6 months for operating an unlicensed money transmission business, but the reasons for the sentence reduction have not been disclosed.
- FTX founder Sam Bankman-Fried was sentenced to 25 years for fraud this year and is currently in prison.
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The sentence of a former executive of the bankrupt cryptocurrency exchange FTX has been reduced by one year.
According to Cointelegraph on the 27th, the release date for Ryan Salame, former co-CEO of FTX Digital Markets, has been changed from April 2032 to March 2031. This means his sentence has been reduced by more than a year. The specific reasons for Salame's sentence reduction have not been disclosed.
Former CEO Salame was sentenced to 7 years and 6 months in prison last May for charges including conspiracy to operate an unlicensed money transmission business. FTX went bankrupt in 2022 due to fraud charges. FTX founder Sam Bankman-Fried was sentenced to 25 years this year and is currently incarcerated.
JOON HYOUNG LEE
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