FTX Affiliate CEO Denied Delay in Imprisonment Despite Emergency Surgery

IconCryptoNewsTerminal Staff30 Aug, 2024

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FTX Affiliate CEO Denied Delay in Imprisonment Despite Emergency Surgery

US Court Rejects Request to Delay Imprisonment of FTX Affiliate CEO A US court has denied a request to delay the imprisonment of Ryan Salame, the former co-CEO of FTX Digital Markets, an affiliate of the collapsed crypto exchange FTX. Salame was sentenced to 7 years and 5 months in prison and had requested a delay based on an emergency medical procedure he needs to undergo after being bitten by a dog. However, the court denied the request, ordering Salame to appear on September 12th as per the terms of his bail release. This decision highlights the ongoing legal proceedings involving former executives of FTX, as authorities seek to hold individuals accountable for the company's collapse and the subsequent loss of billions of dollars in customer funds.

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