Former FTX Digital Markets co-CEO Ryan Salame is set to report to a federal correctional institution on October 11 to serve a 7.5-year sentence. As one of the executives facing criminal charges following the collapse of FTX, Salame admitted in September 2023 to conspiring to make illegal political contributions and deceiving the Federal Election Commission.

According to Foresight News, reported by Cointelegraph, former FTX Digital Markets co-CEO Ryan Salame is set to report to a federal correctional facility on October 11 to serve a sentence of 7.5 years. As one of the executives facing criminal charges following the collapse of FTX, Salame pleaded guilty in September 2023 to conspiring to make illegal political donations and to deceive the Federal Election Commission.

FTX former executive Ryan Salame will be sentenced to 7.5 years in prison on October 11.