Summary
- It has been reported that Sam Bankman-Fried, founder of FTX, had his sentence reduced from 25 years to 21 years, a reduction of 4 years.
- The reduction was attributed to good conduct, participation in prison programs, and pre-sentencing detention period.
- He was sentenced to 25 years for embezzling customer funds and is expected to be released in December 2044.
According to cryptocurrency-focused media outlet CoinDesk on the 26th (local time), the sentence of Sam Bankman-Fried, founder of FTX, has been reduced from 25 years to 21 years, a reduction of 4 years.
His sentence was reduced based on Good Conduct Time, participation in prison programs, and pre-sentencing detention period. As a result, he will be released in December 2044.
Meanwhile, Sam Bankman-Fried was previously sentenced to 25 years by a U.S. court for embezzling customer funds.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
