The Internet reported that 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. Bureau of Prisons website, Ryan Salame began serving his sentence in October. He was seven and a half years and is now expected to be released in March 2031. Caroline Ellison now has a projected release date of July 2026, a few months less than her original two-year sentence. FTX filed for bankruptcy in 2022 amid doubts about its financial condition and its relationship with sister trading company Alameda Research, causing customers to quickly withdraw funds, similar to a bank run. Authorities later accused FTX of embezzling client funds for personal purposes to repay loans and other projects owed by Alameda Research. The scandal caused a surprising Waterloo for FTX, once the world's third-largest cryptocurrency exchange, and its founder Bankman (SBF). Salam, a former co-CEO of FTX's Bahamas subsidiary, pleaded guilty to operating an unlicensed money transfer business in violation of campaign finance laws. Ellison, a former CEO of Alameda, pleaded guilty in December 2022 to telecommunications, securities and commodities fraud and money laundering.