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✅✅ FTX exec Ryan Salame sentenced to 90 months in prison ( $FTT )
* Salame’s 90-month sentence highlights FTX’s legal challenges amid bankruptcy proceedings.
* The crypto market shows resilience despite FTX’s legal turmoil.
Amidst FTX’s ongoing bankruptcy proceedings and plans to repay its creditors, a significant new development has emerged.
Ryan Salame, a former high-ranking executive under FTX founder Sam Bankman-Fried, has been sentenced to 90 months (seven and a half years) in prison.
This will be followed by three years of supervised release. Salame has also been ordered to pay over $6 million in forfeiture and more than $5 million in restitution.
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