Former FTX Executive Seeks 18 Months Leniency in Court Sentencing for Conspiracy Charges
Ryan Salame, a former top executive of the now-defunct cryptocurrency exchange FTX, has requested court leniency of 18 months imprisonment. Salame, who pleaded guilty last year, is facing charges of conspiracy to make unlawful political contributions and operate an unlicensed money-transmitting business. However, Salame and his attorneys are seeking lesser penalties after cooperating with the US government to nail SBF. The fate of other former FTX executives who pleaded guilty remains unknown after SBF was recently sentenced to 25 years in prison. The closure of the FTX case will serve as an example to other cryptocurrency exchanges operating in the market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ripple wins SEC lawsuit and recovers $75M after legal battle ends
Share link:In this post: Ripple and the SEC agreed to settle their lawsuit with a $50 million payment, and Ripple will get $75 million back. This ends a legal battle that started in 2020 and has weighed on XRP for years. XRP’s price jumped over 10% as investors expect the court to approve the deal soon.
Ethereum wallets enable 7702 upgrade for 2 million users
Mint Blockchain Integrates Chainlink CCIP to Power Cross-Chain Connectivity
Ethereum (ETH) Soars Above $2000; What’s Next?
Trending news
MoreCrypto prices
More
