- The sentence of former FTX executive Ryan Salame has been reduced by one year, changing his expected release to March 2031.
- Former CEO Salame was sentenced to 7 years and 6 months for operating an unlicensed money transmission business, but the reasons for the sentence reduction have not been disclosed.
- FTX founder Sam Bankman-Fried was sentenced to 25 years for fraud this year and is currently in prison.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The sentence of a former executive of the bankrupt cryptocurrency exchange FTX has been reduced by one year.
According to Cointelegraph on the 27th, the release date for Ryan Salame, former co-CEO of FTX Digital Markets, has been changed from April 2032 to March 2031. This means his sentence has been reduced by more than a year. The specific reasons for Salame's sentence reduction have not been disclosed.
Former CEO Salame was sentenced to 7 years and 6 months in prison last May for charges including conspiracy to operate an unlicensed money transmission business. FTX went bankrupt in 2022 due to fraud charges. FTX founder Sam Bankman-Fried was sentenced to 25 years this year and is currently incarcerated.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto JournalistPiCK News
"Ethereum Overhaul" Declaration...Ki Young Ju Supports Vitalik
1 hours agoU.S. Implements Special Measures as Debt Ceiling Nears... "Default Possible in June"
3 hours agoJapan's Interest Rate Hike Imminent... Will Global Financial Markets Shake Again?
4 hours agoCoinbase Adds 'OfficialTrump' to Listing Roadmap
5 hours agoTrump Inauguration D-1... Binance Lists TRUMP
6 hours agoRanking News