Sentencing for former FTX co-CEO Ryan Salame has been rescheduled for May 28, according to a filing in Southern New York District Court. It is unclear why his sentencing was postponed from the original date of May 1.
Salame was one of the four members of the FTX top management to be charged by the United States government along with Sam Bankman-Fried in relation to the cryptocurrency exchange’s collapse. Salame was the only one of the four — who also included former Alameda Research head Caroline Ellison, FTX co-founder Gray Wang and former FTX top engineer Nishad Singh — who
Like the other executives, Salame has pleaded guilty to federal charges relating to the FTX debacle. In addition, he faces charges onwith his girlfriend Michelle Bond’s unsuccessful bid to represent New York’s First District in the House of Representatives. Bond wasin sentences of up to five years in prison. Bankman-Fried’s lawyers argued that he should not face campaign contribution violation charges because they were not part of his agreement on extradition from the Bahamas.
Salame’s role in the criminal activities at FTX remains somewhat ambiguous. He was reportedly not part of Bankman-Fried’s inner circle and was so shocked by the news of the exchange’s collapse that heBitcoin analysis eyes CPI as whales 'pressure' BTC price below $69K
Source: Digital Coin News (digitalcoinnews.net)
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