Ryan Salame, the former executive of bankrupt cryptocurrency exchange FTX, has officially been sentenced to seven years and six months in prison in May after pleading guilty to two criminal charges last year.
Ryan Salame served as co-chief executive of FTX Digital Markets, a subsidiary of FTX in the Bahamas. He was also the fourth crony in the inner circle of FTX founder Sam Bankman-Fried (SBF) to plead guilty. He is currently being held in Cumberland, Maryland. Federal Correctional Institution (FCI Cumberland)".
The federal prison is a medium-sized prison with a maximum capacity of more than 1,000 inmates, according to Bureau of Prisons records.
It is worth noting that before he was imprisoned, Ryan Salame also updated his LinkedIn profile in a self-deprecating way, stating that his new position was "full-time prisoner" and humorously listed that he had skills such as "cleaning and wood carving".
In addition, Ryan Salame also stated in a previous interview that he planned to teach knowledge about digital assets and economy in prison while serving his sentence.
In addition to his seven-and-a-half-year sentence, Ryan Salame was sentenced to three years of Supervised Release, ordered to pay more than $5 million in restitution and to have more than $6 million in assets forfeited.
"Ex-FTX executive Ryan Salame is serving time in prison! He mocks himself as a "full-time prisoner" and is good at cleaning and making wood carvings." This article was first published on (Block Guest).
