Ex-FTX Digital Market co-CEO Ryan Salame will resume his prison sentence on Oct 11. A United States court has granted the government’s request to move up the date of Salame’s self-surrender. The aftermath of FTX implosion left users with high losses sparking a series of regulatory moves by regulators.
Ryan Salame to Resume Prison Sentence Two Days Earlier
A US court granted the government’s motion to move Ryan Salame’s surrender date up to Oct 11. The former FTX Market executive was expected to resume his prison sentence on Oct 13. Salame was sentenced to 7.5 years after pleading guilty to engaging in conspiracy bordering on unlicensed money-transmitting activities among others.
At a Sept 12 hearing, the prosecution informed the court that US Marshals informed that Oct 13 is a Sunday thereby requesting a move to Friday Oct 11. The embattled former executive is yet to commence jail term following a 45-day request after suffering a dog bite on his face. According to his legal representatives, the extension was needed to undergo urgent surgery and related treatment.
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David Pokima
David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.
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