Ryan Salame, part of the 'inner circle' at collapsed crypto exchange FTX, sentenced to prison
Headline from WHEC Rochester
A federal judge has sentenced former FTX executive Ryan Salame to more than seven years in prison. He is the first of the lieutenants of failed cryptocurrency mogul Sam Bankman-Fried to receive jail time for their roles in the 2022 collapse of the cryptocurrency exchange.
WHEC Rochester's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Ryan Salame, the former co-CEO of FTX’s Bahamian subsidiary and a top lieutenant to the bankrupt cryptocurrency exchange’s founder, Sam Bankman-Fried, was sentenced on Tuesday to 90 months in prison, U.S. federal prosecutors said on Tuesday.
Ryan Salame, a top executive at collapsed cryptocurrency exchange FTX, was sentenced to 7 1/2 years in prison Tuesday, making him the first of Sam Bankman-Fried
A federal judge has sentenced former FTX executive Ryan Salame to more than seven years in prison. He is the first of the lieutenants of failed cryptocurrency mogul Sam Bankman-Fried to receive jail time for their roles in the 2022 collapse of the cryptocurrency exchange.
Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or seven and a half years, in prison, followed by three years of supervised release.
Ryan Salame, the head of FTX’s subsidiary in the Bahamas, was the first of Sam Bankman-Fried’s deputies to be sentenced since the crypto exchange collapsed in November 2022.
Salame conspired with Bankman-Fried to pump over $100 million in illegal contributions through the U.S. political system to curry favor for Bankman-Fried and his cryptocurrency exchange FTX’s legislative priorities, prosecutors said.
