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Ryan Salame requests prison surrender delay to December 7

Ryan Salame requests prison surrender delay to December 7

GrafaGrafa2024/10/10 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.

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