FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison

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Source: The Associated Press
FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison
Photo: The Associated Press
TL;DR Summary

Former FTX executive Ryan Salame has been sentenced to over seven years in prison for his role in the collapse of the cryptocurrency exchange, including making illegal campaign contributions and operating an unlicensed money-transmitting business. Salame, who was co-CEO of FTX Digital Markets, cooperated with prosecutors but did not testify against FTX founder Sam Bankman-Fried. Three other high-level FTX executives are also awaiting sentencing.

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