FTX Collapse: Salame Requests Lenient Sentence, Claims Innocence

Ryan Salame, a former executive at the now-bankrupt cryptocurrency exchange FTX, has requested a lenient 18-month prison sentence in connection with the fraud case surrounding the company’s collapse. Salame, who pleaded guilty to criminal fraud charges, is seeking leniency based on his cooperation with law enforcement and his allegedly lesser role in FTX’s operations. On […]

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FTX Collapse: Salame Requests Lenient Sentence, Claims Innocence

  • FTX’s Ryan Salame seeks an 18-month term, citing cooperation with authorities.
  • Legal team says Salame’s life and career are already deeply impacted by the FTX scandal.
  • His request comes after FTX founder Sam Bankman-Fried received a 25-year sentence.

Ryan Salame, a former executive at the now-bankrupt cryptocurrency exchange FTX, has requested a lenient 18-month prison sentence in connection with the fraud case surrounding the company’s collapse. Salame, who pleaded guilty to criminal fraud charges, is seeking leniency based on his cooperation with law enforcement and his allegedly lesser role in FTX’s operations.

On Tuesday, Salame’s legal team filed a sentencing memorandum outlining his responsibilities at FTX and Alameda Research. The memorandum emphasizes that Salame’s duties primarily focused on operational tasks such as overseeing customer wire deposits, fiat currency conversions, and leading charitable efforts in the Bahamas. His attorneys argue that this distanced him for the core fraudulent activities that ultimately led to the collapse of FTX.

The memorandum maintains that Salame was unaware of the alleged conspiracy among FTX and Alameda…

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