Top lieutenant to 'Crypto King' jailed for seven years
Another former executive of FTX has been jailed over his part in the cryptocurrency giant's implosion in late 2022.
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Another former executive of FTX has been jailed over his part in the cryptocurrency giant's implosion in late 2022.
In a prior case this year, Bankman-Fried received a 25-year sentence for allegedly diverting $8 billion from FTX customers
Ryan Salame, former co-CEO of FTX's Bahamian subsidiary, sentenced to 90 months in prison for political finance violations and operating an illegal money-transmitting business.
Mr. Salame was also ordered to pay more than $6 million in forfeiture and more than $5 million in restitution.
NEW YORK -- A federal judge on Tuesday sentenced former FTX executive Ryan Salame to more than seven years in prison, the first of the lieutenants of failed cryptocurrency mogul Sam Bankman-Fried to receive jail time for their roles in the 2022 collapse of the cryptocurrency exchange.