Former FTX Senior Executive Ryan Salame Sentenced to More Than 7 Years in Prison

Mr. Salame was also ordered to pay more than $6 million in forfeiture and more than $5 million in restitution.

Cryptocurrency exchange FTX went bankrupt in November 2022. Stefani Reynolds/AFP

The former co-CEO of FTX’s Bahamian subsidiary has been sentenced to 90 months in prison for his role in the cryptocurrency exchange’s 2022 collapse, U.S. federal prosecutors announced on May 28.

Ryan Salame, 30, served as a high-ranking executive at the FTX hedge fund Alameda Research and, up until its collapse, was the co-CEO of FTX Digital Markets, which operated in the Bahamas.