Former CEO of the cryptocurrency exchange FTX, Sam Bankman-Fried (also known as SBF), may be released earlier than the sentence imposed by the court. According to the Federal Bureau of Prisons (BOP), Bankman-Fried’s projected release date is December 14, 2044. This is four years less than the 25-year sentence set by the court.
This is reported by Business • Media
How the Early Release Date is Determined
According to a BOP representative’s comment, the stated date is tentative and considers the possibility of sentence reduction for good behavior. Under current practice, for each year served, an inmate can earn a reduction of 54 days from their sentence if they have no disciplinary violations and participate in rehabilitation programs.
“In inmate cases, the release date is specified with the maximum possible sentence reduction for good behavior taken into account — 54 days for each year.”
Sources also report that Sam Bankman-Fried spent two months in solitary confinement, which has already been credited towards his total sentence. He is currently serving his time at Terminal Island FCI, where he was recently transferred. Prior to this, the former CEO of FTX was held in one of California’s most dangerous prisons.
Other Participants in the FTX Case
It is also known that Caroline Ellison, SBF’s former girlfriend and ex-CEO of Alameda Research, may also receive a sentence reduction. Ellison’s sentence was two years in prison, but for good behavior, she could potentially be released as early as May 2026, which is six months earlier than the scheduled date.