According to Cointelegraph, former FTX Digital Markets co-CEO Ryan Salame will report to a federal correctional institution on October 11 to serve a sentence of 7 and a half years.

Since his May 28 sentencing hearing, Salame has suggested on social media that prison will be an "exciting" experience and claimed he will treat his time in prison like summer camp. Attorneys are seeking for Salame to serve his sentence at the U.S. Correctional Institution in Cumberland, Maryland, a medium-security facility near Salame's home.

As one of the executives involved in criminal charges after the collapse of FTX, Salame pleaded guilty in September 2023 to conspiracy to make illegal political contributions and defraud the Federal Election Commission. Salame will be the second FTX executive to face prison time after SBF was sentenced to 25 years in prison in March. In September, a judge sentenced Caroline Ellison, the former CEO of Alameda Research, to two years in prison.

Other executives named in the same indictment, Nishad Singh and Gary Wang, are scheduled to be sentenced on Oct. 30 and Nov. 20, respectively.