Disgraced FTX founder Sam Bankman-Fried (SBF) is now expected to be released from prison in December 2044, four years earlier than his original 25-year sentence, according to the U.S. Bureau of Prisons (BOP).
Originally sentenced in March 2024 for seven counts of fraud and conspiracy, Bankman-Fried’s sentence is being reduced to approximately 21 years, factoring in “Good Conduct Time”, time already served, and participation in prison rehabilitation programs.
How Did SBF Get Time Off?
Per a new report by Business Insider, Bankman-Fried is benefiting from:
- 54 days of sentence reduction per year for good behavior
- Time credited from his pre-trial detention, which began two months before his October 2023 trial
- Participation in prison programs, which can further shorten sentences under BOP guidelines
The Bureau of Prisons confirmed that these reductions are standard for most federal inmates who maintain good behavior and engage in constructive activities while incarcerated.
Background and Current Status
SBF was found guilty on seven criminal counts, including wire fraud, securities fraud, and money laundering conspiracy. His fall from grace marked one of the most dramatic collapses in crypto history, following the multibillion-dollar implosion of FTX and Alameda Research.
His legal troubles began escalating after he violated bail conditions by leaking the private writings of former Alameda CEO and ex-girlfriend Caroline Ellison to the media, leading to his pre-trial incarceration.
Earlier this year, Bankman-Fried was transferred to a low-security federal facility in California, moving him out of the previously harsh “Victimville” detention center in Brooklyn. His legal team had argued for the relocation, citing his autism diagnosis and non-violent offender status.
Caroline Ellison Set for 2026 Release
Meanwhile, Caroline Ellison, who cooperated extensively with prosecutors, remains on track for release in May 2026, consistent with her two-year sentence. Her testimony was central to the government’s case against Bankman-Fried.
What’s Next?
Despite the reduced sentence, Bankman-Fried is still facing two decades behind bars, marking a stunning downfall for a man once hailed as crypto’s golden boy. It’s unclear whether he’ll pursue additional appeals or sentence reductions.
Stay with TheCoinInfo for updates on the aftermath of the FTX collapse and other high-profile cases shaping the future of crypto.
