According to the Washington Post, the sentences of two former cryptocurrency exchange FTX executives appear to have been shortened. According to information on the U.S. Federal Bureau of Prisons website, Ryan Salame began serving a seven-and-a-half-year sentence in October and is now expected to be released in March 2031. While Caroline Ellison now has an expected release date of July 2026, which is a few months short of her original two-year sentence. FTX filed for bankruptcy in 2022 due to questions about its finances and its relationship with sister trading company Alameda Research, causing customers to withdraw funds quickly, similar to a bank run. Authorities later accused FTX of misappropriating customer funds for personal use to repay loans owed by Alameda Research and other projects. The scandal has left FTX, which was once the world's third-largest cryptocurrency exchange, and its founder, Bankman (SBF), in a stunning waterloo. Salam, a former co-CEO of FTX's Bahamas subsidiary, pleaded guilty to running an unlicensed money transfer business and violating campaign finance laws. Ellison, a former CEO of Alameda, pleaded guilty in December 2022 to wire, securities and commodities fraud and money laundering.