Ryan Salame, the former chief executive of the fallen cryptocurrency exchange FTX, has had his release date from prison moved up by more than a year. Salame, who was deeply involved in Sam Bankman-Fried’s massive fraud scheme, began serving his seven-and-a-half-year sentence in October at the Federal Correctional Institution in Cumberland, Maryland.
According to federal records, Salame’s release is now scheduled for March 1, 2031 – more than a year earlier than originally planned. This change is likely due to “good behavior” credits under the 2018 First Step Act, which allows prisoners to earn up to 54 days of impunity for each year served, depending on their behavior behind bars.
At age 30, Salame pleaded guilty to charges related to illegal campaign contributions and running an unlicensed money transfer business, both of which were linked to the 2022 collapse of FTX. FTX’s downfall, once valued at billions, exposed a massive fraud, and…
