5 months ago
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Another former executive of FTX has been jailed over his part in the cryptocurrency giant’s implosion in late 2022.
US federal prosecutors say Ryan Salame, who was the co-CEO of FTX’s Bahamian subsidiary, was sentenced to 90 months in prison.
Salame – who was a top lieutenant to Sam Bankman-Fried, the bankrupt crypto exchange’s founder – pleaded guilty in September last year to violating political campaign finance laws and operating an illegal money-transmitting business.
Earlier this year, Bankman-Fried was sentenced to 25 years in prison for stealing 8-billion US dollars from FTX customers.
English (US) ·