FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison

Ryan Salame, a former executive at FTX, has been sentenced to 90 months in prison, followed by three years of supervised release, and ordered to pay over $11 million in forfeiture and restitution. This sentence, which exceeds the prosecution's recommendation, comes amid FTX's bankruptcy proceedings and efforts to repay creditors. Despite the legal turmoil, the crypto market remains resilient, showing positive trends. Salame's case is notable for its inclusion of campaign finance law violations, which may have influenced the harsher sentence.