Former Alameda Co-CEO Pleads for Clemency for FTX Digital Markets Co-CEO
CryptoNewsTerminal Staff16 May, 2024
Former Alameda Co-CEO Pleads for Clemency for FTX Digital Markets Co-CEO
In a recent letter to the court, Sam Trabucco, the former co-CEO of crypto trading firm Alameda Research, pleaded for leniency for his former counterpart at FTX Digital Markets, Ryan Salame. Trabucco highlighted Salame's positive character and his cooperation with authorities. Salame had previously expressed remorse and requested a lighter sentence during a hearing. While recognizing Salame's culpability, Trabucco emphasized his acceptance of responsibility and willingness to face the consequences of his actions. The court is expected to consider these factors when determining Salame's sentence.
