According to the Washington Post, the sentences of two former cryptocurrency exchange FTX executives appear to have been shortened. According to the website of the U.S. Federal Bureau of Prisons, Ryan Salame, who began serving a sentence of 7 and a half years in October, is now expected to be released in March 2031. Caroline Ellison's expected release date is now July 2026, a few months less than her original two-year sentence. FTX filed for bankruptcy in 2022 due to questions about its financial situation and its relationship with sister trading company Alameda Research, which led to customers withdrawing funds rapidly, 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 brought a stunning defeat to FTX, once the world's third-largest cryptocurrency exchange, and its founder Bankman (SBF). Salame, the former co-CEO of FTX's Bahamas subsidiary, admitted to operating an unlicensed money transmission business and violating campaign finance laws. Ellison, the former CEO of Alameda, pleaded guilty in December 2022 to wire, securities and commodities fraud and money laundering.