Share this article
Sam Bankman-Fried’s Prison Sentence Could Be Cut by Over 4 Years: Business Insider
His sentence could be reduced due to accumulated “Good Conduct Time” and participation in prison programs.
Updated May 26, 2025, 8:57 p.m. Published May 26, 2025, 3:50 p.m.
What to know:
- Sam Bankman-Fried is now projected to be released from prison in December 2044 after a potential four-year reduction.
- Bankman-Fried’s sentence was reduced due to accumulated “Good Conduct Time,” participation in prison programs, and time served prior to sentencing.
- Bankman-Fried was convicted in 2023 on seven counts of fraud and conspiracy for orchestrating an $11 billion fraud.
Sam Bankman-Fried, the founder and former CEO of the defunct crypto exchange FTX, could be released from prison in December 2044, more than four years earlier than his original sentence called for, according to Business Insider.
Convicted in 2023 on seven counts of fraud and conspiracy, Bankman-Fried received a 25-year sentence in March 2024 for orchestrating an $11 billion fraud.
STORY CONTINUES BELOW
Prosecutors showed that he funneled customer funds from FTX into Alameda Research, his crypto hedge fund, using the money to prop up investments, make political donations, and enrich himself and close associates.
After his sentencing, Bankman-Fried was transferred to a low-security federal prison in San Pedro, California, following a stint at Brooklyn’s Metropolitan Detention Center.
While there, he lived in the same unit as Sean “Diddy” Combs and gave a surprise interview to Tucker Carlson.
According to the Federal Bureau of Prisons, his sentence has been reduced thanks to accumulated “Good Conduct Time,” which allows inmates to earn up to 54 days off per year, and participation in unspecified prison programs, Business Insider said. Time spent behind bars prior to sentencing is also factored in.
Caroline Ellison, former CEO of Alameda and a key witness in the government’s case, was sentenced to two years but is now projected to be released in May 2026 after similar reductions.
Read more: SBF Pardon Plea Tour Continues With Tucker Carlson Podcast Appearance
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
A few Republicans have crypto's destiny in their hands at the SEC, CFTC
After holiday leadership shifts, the two U.S. markets regulators — the SEC and CFTC — are now run only by pro-crypto Republicans, with Congress still debating.
What to know:
- The crypto industry finally has two permanent, crypto-friendly chairmen at the Securities and Exchange Commission and the Commodity Futures Trading Commission, and they have no Democratic pushback.
- The lack of fully stocked commissions at the market regulators is a big problem in the eyes of Senate Democrats negotiating the crypto market structure bill.
- The lone remaining Democrat, Caroline Crenshaw, left the SEC last week.
Top Stories
