Former FTX Digital Markets co-CEO Ryan Salame will begin serving a prison sentence of seven and a half years on October 11.

Ryan Salame, the former co-CEO of FTX Digital Markets, will begin serving a seven-and-a-half-year sentence in a U.S. federal correctional institution on October 11. Salame's attorney has requested that he serve his sentence at FCI Cumberland in Maryland, a medium-security facility close to Salame's home. Salame has expressed a relaxed attitude towards his upcoming prison life, stating that he will treat his time in prison like a summer camp. Among the executives facing criminal charges following the collapse of FTX, Salame pleaded guilty in September 2023 to charges of conspiracy to make illegal political contributions and to defraud the Federal Election Commission. Salame will be the second FTX executive facing imprisonment after Sam Bankman-Fried (SBF), who was sentenced to 25 years in March. Another former Alameda CEO, Caroline Ellison, was sentenced to two years in September.