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FTX fraud case '2 core figures' sentence reduced! FTT responded by rising and briefly breaking through $4
Crypto Assets exchange FTX fraud case's two key figures Ryan Salame, Caroline Ellison are currently serving sentences, but according to Business Insider, their sentences have recently been shortened, and they have been given the opportunity for early release.
Ryan Salame served as the co-CEO of FTX Digital Markets, a subsidiary of FTX Bahamas, and was the fourth confidant within the core circle of FTX founder Sam Bankman-Fried (SBF) to plead guilty. He admitted to criminal fraud in September last year and was sentenced to seven and a half years in May this year.
Ryan Salame began serving his sentence in October this year, but the latest information from the Federal Bureau of Prisons shows that his expected release date has been moved up to March 1, 2031, more than a year earlier than the original date of April 2032.
In addition, SBF's ex-girlfriend and former CEO of Alameda Research, Caroline Ellison, has also had her sentence shortened, with an expected release date of July 20, 2026, three months earlier than originally scheduled.
Affected by the news, FTX platform's token FTT surged today (27th), breaking through $4 at one point, and has now fallen back to $3.8, with a 10% increase in 24 hours.
The Federal Bureau of Prisons in the United States has not yet responded to media requests for comment on this matter, but the Bureau has previously indicated that inmates may have their sentences reduced based on Good Conduct Time (GCT) if they demonstrate good behavior.
According to relevant regulations, prisoners can receive up to 54 days of good behavior time for every year of imprisonment, and if they participate in various programs within the prison, they can also receive additional time credits.
The '2 core figures' in the FTX fraud case have had their sentences reduced! FTT rose sharply and briefly exceeded $4. This article was first published in 'Block Times'.