Former FTX exec Ryan Salame to be sentenced on May 1
Out of all the individuals charged related to fraud at FTX and Alameda, Ryan Salame was the only former executive who didn’t testify at Sam Bankman-Fried’s criminal trial.
Ryan Salame, the former co-CEO of FTX Digital Markets who pleaded guilty to two felony counts, will be sentenced in a New York courtroom on May 1.
According to a docket released on Feb. 23 in United States District Court for the Southern District of New York, Salame will appear before Judge Lewis Kaplan on May 1 to face sentencing related to his role in fraud at defunct cryptocurrency exchange FTX. In September 2023, the former FTX executive pleaded guilty to one count of making unlawful political contributions and one count of conspiracy to operate an unlicensed money-transmitting business.
Salame was charged in the same case as former FTX CEO Sam “SBF” Bankman-Fried, former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang and former FTX engineering director Nishad Singh. He admitted in court to making $10 million in political contributions and “called them loans, which [he] never intended to repay.”
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