Former FTX executive Ryan Salame has been sentenced to 7.5 years in prison after pleading guilty last year to election fraud charges and conspiring to operate an unlicensed money transmitting business while working at Sam Bankman-Fried’s cryptocurrency exchange.
Salame, 30, was one of four former high-ranking FTX managers to plead guilty to federal criminal charges after the company’s collapse in late 2022, alongside Caroline Ellison, Nishad Singh and Gary Wang. However, unlike the other three, Salame did not agree to testify for the prosecution at the trial of Bankman-Fried, FTX’s founder and former chief executive.
In March, Bankman-Fried was sentenced to 25 years after being convicted of stealing billions of dollars from FTX customers and investors in order to make risky bets.