Ryan Salame, part of the 'inner circle' at collapsed crypto exchange FTX, sentenced to prison

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U.S. News,Sam Bankman-Fried,Technology

A federal judge has sentenced former FTX executive Ryan Salame to more than seven years in prison.

Ryan Salame, 30, who was a high-ranking executive at FTX for most of the exchange's existence, leaves Federal Court, in New York, Tuesday, May 28, 2024. Salami, the co-CEO of FTX Digital Markets, pleaded guilty to illegally making unlawful U.S. campaign contributions and to operating a unlicensed money transmitting business last year, was sentenced to 7.5-years in prison, plus 3 years of supervised release.

The judge also chastised Salame for pulling $5 million in cryptocurrencies out of FTX as the exchange was failing.

U.S. News Sam Bankman-Fried Technology Lewis A. Kaplan

 

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