Ryan Salame requests prison surrender delay to December 7

Bitget App

Trade smarter

Grafa2024/10/10 03:45

By:Isaac Francis

Ryan Salame, the former co-CEO of FTX Digital Markets, has requested to delay his prison surrender date from October 11 to December 7.

According to an October 9 filing in the United States District Court for the Southern District of New York, Salame's lawyers cited his need for "continuing medical treatment" following a dog bite incident in June.

The medical details were redacted but included a statement from a Virginia physician.

Salame was sentenced to seven and a half years in prison after pleading guilty to conspiracy charges related to unlawful political contributions and defrauding the Federal Election Commission.

He is the second executive tied to FTX (CRYPTO:FTT), following Caroline Ellison, to receive prison time in connection with the firm’s downfall.

Ellison, the former CEO of Alameda Research, was sentenced to two years.

Salame's legal troubles have been ongoing since FTX's collapse.

He previously suggested that his upcoming prison experience would be "exciting" and expressed little concern about it.

However, Judge Lewis Kaplan, who presided over his case, expressed frustration with Salame’s actions, including his attempts to vacate his guilty plea due to legal issues faced by his partner, Michelle Bond.

Bond, facing separate campaign finance violation charges, pleaded not guilty and remains free on bail.

In the broader FTX-related cases, other executives, including Nishad Singh and Gary Wang, are also awaiting their sentencing hearings, scheduled for October 30 and November 20, respectively.

Both are expected to face years of imprisonment for their roles in the FTX scandal.

At the time of writing, the FTX token price was $2.18.

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.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Three Florida teens have been accused of kidnapping a man at gunpoint and forcing him to transfer $4 million worth of digital assets to them. The teens kidnapped the victim from Las Vegas and threatened to kill him and his father if he didn’t cooperate. Law enforcement agencies across the globe are now warning individuals with substantial crypto holdings to be cautious amid a rise in kidnappings.

Cryptopolitan•2025/05/11 05:01

UK icons slam AI ‘theft’ in fiery plea to Starmer before key vote

Share link:In this post: Over 400 UK artists urged PM, Keir Starmer, to strengthen copyright laws ahead of an AI legislation vote. UK government’s proposed “opt-out” rule for AI training on copyrighted content faces strong backlash. Hayao Miyazaki and others condemn AI-generated art, fueling copyright debates and legal challenges.

Cryptopolitan•2025/05/11 05:01

Americans have wiped out $3 trillion in savings in the past 3 years, mostly from stimulus checks

Share link:In this post: Americans have drained $3 trillion in savings since 2021, with excess savings now at negative $900 billion. The US savings rate dropped to 3.9% in March, below pre-pandemic levels of 5-6%. Consumer spending rose 0.7% in March, but GDP still shrank by 0.3% due to soaring imports.

Cryptopolitan•2025/05/11 05:01