Jailed former FTX manager Ryan Salame has apparently already had his sentence reduced by a year.
Data from the US Federal Bureau of Prisons suggests Salame’s release date is now March 1, 2031. The former co-head of FTX Digital Markets reported a prison sentence in October after being sentenced to 7.5 years in prison, meaning his release was originally scheduled for around April 2032.
Salame pleaded guilty last year to conspiring to make unlawful political contributions and defraud the Federal Election Commission (FEC), as well as conspiring to operate an unlicensed money transfer business.
In May, District Judge Lewis A. Kaplan sentenced the former executive to 7.5 years in prison, but a legal dispute over charges against his child’s mother, Michelle Bond, delayed the start of his sentence.
FTX imploded and filed for bankruptcy in November 2022 after founder and CEO Sam Bankman-Fried was accused of mismanaging the exchange’s funds by lending billions of dollars’ worth of customer deposits to Alameda Research, the company’s trading arm to make risky crypto bets that failed.
The billion-dollar assets of the stock market…
