Former FTX Executive Sentenced to 90 Months in Prison for Unlawful Activities

- Former FTX executive Ryan Salame sentenced to 90 months in prison for unlawful political contributions and money-transmitting. - Salame helped FTX grow illegally, made illegal political donations, and faces $11M in fines. - Salame cooperated minimally, didn't testify against Bankman-Fried, and will keep his Porsche. - Salame pleads for leniency, blames Bankman-Fried, and hints at revealing more details. - Salame sentenced to 7.5 years, plans to share untold story, and teases potential book. - Salame active on Twitter, admits mistakes, and prepares for prison term.
Summary :
Former FTX executive Ryan Salame has been sentenced to 90 months in prison after pleading guilty to criminal charges. He was also ordered to pay $6 million in forfeiture and over $5 million in restitution. Salame was involved in unlawful political contributions and operating an unlicensed money transmitting business, which helped FTX grow outside of the law. His sentence is significantly longer than that of former Binance CEO Changpeng Zhao, who received four months in prison for similar charges. Salame's attorneys argued for a sentence of no more than 18 months, claiming he played a minor role in the fraudulent activity.

Sources :

- TheBlock
- Protos
- CoinTelegraph
- Coindesk
- Protos
- Decrypt
- Blockworks
- Bankless
- Decrypt
- Blockworks