Former FTX Executive Deserves 5 to 7 Years in Jail, US Says
- Ryan Salame pleaded guilty to two charges in September
- Salame was the CEO of FTX Digital Markets in the Bahamas
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Former FTX executive Ryan Salame should serve five to seven years in prison, prosecutors say, for criminal charges stemming from the multibillion-dollar collapse of the cryptocurrency empire.
In a sentencing memo filed in federal court in Manhattan on Tuesday, federal prosecutors said the 30-year-old pleaded guilty to “serious crimes, and a substantial sentence is required to ensure that Salame receives just punishment.” Salame’s lawyers have argued he should serve no more than 18 months.