FTX Exec Ryan Salame Seeks Leniency, Requests 18-Month Prison Sentence

IconCNT15 May, 2024

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FTX Exec Ryan Salame Seeks Leniency, Requests 18-Month Prison Sentence

FTX's former executive, Ryan Salame, has pleaded guilty to fraud charges related to the collapse of the cryptocurrency exchange. In a letter to the judge, Salame's lawyer requests leniency and an 18-month prison sentence. The request cites Salame's cooperation with authorities, remorse, and operational role in the fraud. The lawyer emphasizes Salame's efforts to address substance abuse issues and substantial financial losses resulting from FTX's collapse. Salame's sentencing hearing is scheduled for May 18, 2023.