SAM BANKMAN-FRIED'S PRISON SENTENCE REDUCED BY OVER FOUR YEARS!
Sam Bankman-Fried's 25-year prison sentence for crypto fraud has been reduced by over four years due to good behavior and participation in rehabilitation programs. Here's what's happening :
Original Sentence: Bankman-Fried was sentenced to 25 years in prison in March 2024.
Reduced Sentence: With good conduct time credits, his release date is expected to be December 14, 2044, cutting over four years from his original sentence.
Good Conduct Credits: Inmates can earn up to 54 days off their sentence per year for good behavior, and Bankman-Fried has reportedly accumulated nearly the maximum possible reduction.
Next Steps: Bankman-Fried will appeal the conviction and sentence, while the Effective Altruism crowd plans to lobby for a pardon or commutation.
It's worth noting that Caroline Ellison, another former associate, also received a sentence reduction of about six months, with her release expected in May 2026 .#TrumpMediaBitcoinTreasury #BinanceAlphaAlert #TrumpTariffs $BTC #SaylorBTCPurchase