Ryan Salame, the former co-CEO of FTX Digital Markets, had his prison sentence reduced by one year, now set for release in March 2031. Salame was initially sentenced in September 2023 for conspiracy to operate an unlicensed money-transmitting business and campaign finance fraud, with his original release date around April 2032. Despite federal prosecutors seeking a sentence of 5-7 years, Judge Lewis A. Kaplan imposed a 90-month sentence due to the serious nature of FTX's financial collapse. Salame's attorneys argued for a shorter sentence, claiming he was unaware of the fraudulent activities at FTX, asserting he was not part of Sam Bankman-Fried’s inner circle. The reasons behind the sentence reduction remain unclear. Additionally, former Alameda Research CEO Caroline Ellison also received a three-month sentence reduction. Salame's legal team previously expressed concerns when federal authorities resumed investigating his partner despite implied assurances during plea negotiations.

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