FTX Founder Sam Bankman-Fried’s Prison Sentence Shortened Due to Good Behavior

Former FTX CEO Sam Bankman-Fried has had his prison sentence reduced by four years, with a new expected release date of December 14, 2044. The reduction comes as a result of good behavior credits, participation in prison programs, and time served during pre-sentencing detention. Bankman-Fried was originally sentenced to 25 years in March 2024 after being convicted on seven counts of fraud and conspiracy tied to the collapse of the cryptocurrency exchange FTX.

Sam Bankman-Fried’s Prison Sentence Reduced by Four Years

Former FTX CEO Sam Bankman-Fried is now expected to be released from prison by December 14, 2044, four years earlier than his original 25-year sentence. The U.S. Bureau of Prisons cited good behavior credits, participation in prison programs, and pre-sentencing detention time as reasons for the reduction.

Bankman-Fried was convicted in March 2024 on seven counts of fraud and conspiracy related to the collapse of the cryptocurrency exchange FTX. His legal team has yet to comment on the updated release date.

FTX Founder Sam Bankman-Fried May Get Out Of Prison Early – Here’s How

Sam Bankman-Fried, once hailed as a crypto prodigy, now faces a 25-year sentence for orchestrating one of the most notorious frauds in cryptocurrency history. The collapse of FTX, resulting in an $11 billion shortfall, eroded confidence across digital asset markets.

Legal maneuvers could potentially shorten his prison term. Prosecutors demonstrated how customer funds were systematically diverted from FTX to his trading firm, Alameda Research, during the March 2024 trial.