The prison sentence of Ryan Salame, the former top manager of FTX, has been reduced by one year: he will be released in March 2031 thanks to good behavior benefits and the "First Step Act" law ⏳

Ryan Salame, the former top manager of FTX, had his prison sentence reduced by one year. Instead of 7.5 years, he will be released in March 2031. The reduction was made possible due to good behavior and benefits under the "First Step Act," which allows inmates to shorten their sentence for good behavior. Salame admitted his guilt for involvement in fraud and the improper use of client funds, which led to the collapse of the FTX cryptocurrency exchange. There are also ongoing rumors about a possible pardon for FTX founder Sam Bankman-Fried.