Ryan Salame is first of Sam Bankman-Fried’s lieutenants to get jail time for his role in 2022 collapse of cryptocurrency exchange
A federal judge on Tuesday sentenced the former FTX executive Ryan Salame to more than seven years in prison, the first of the lieutenants of the failed cryptocurrency mogul Sam Bankman-Fried to receive jail time for their roles in the 2022 collapse of the cryptocurrency exchange.
Salame, 30, was a high-ranking executive at FTX for most of the exchange’s existence and, up until its collapse, was the co-CEO of FTX Digital Markets. He pleaded guilty last year to illegally making unlawful US campaign contributions and to operating an unlicensed money-transmitting business.
Ryan Salame is first of Sam Bankman-Fried’s lieutenants to get jail time for his role in 2022 collapse of cryptocurrency exchangeA federal judge on Tuesday sentenced the former FTX executive Ryan Salame to more than seven years in prison, the first of the lieutenants of the failed cryptocurrency mogul Sam Bankman-Fried to receive jail time for their roles in the 2022 collapse of the cryptocurrency exchange.Salame, 30, was a high-ranking executive at FTX for most of the exchange’s existence and, up until its collapse, was the co-CEO of FTX Digital Markets. He pleaded guilty last year to illegally making unlawful US campaign contributions and to operating an unlicensed money-transmitting business. Continue reading…
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