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Top FIX executive sentenced to 7! years in prison
The Straits Times
|May 30, 2024
Ryan Salame, a top executive at collapsed cryptocurrency exchange FTX, was sentenced to 71/2 years in prison on May 28, making him the first of Sam BankmanFried's circle of advisers at FTX to receive prison time.
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Salame, 30, a trusted lieutenant of the exchange's founder, pleaded guilty in 2023 to a campaign finance law violation and a charge of operating an unlicensed money transmitting business.
He is one of four top deputies in the FTX empire who have pleaded guilty to crimes since the company imploded in November 2022.
Salame's sentence exceeded the five to seven years that prosecutors had recommended. e is set to surrender on Aug 29.
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