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FTX Executive Ryan Salame Asks For Prison Sentencing Delay After Dog Attack

29.07.2024
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Former FTX executive and co-CEO of FTX Markets Ryan Salame is requesting his prison surrender date for criminal charges stemming from his time at Sam Bankman-Fried’s crypto exchange be pushed back after being “mauled” by a dog.

According to the request made Friday, Salame suffered a “dog-bite injury to the face” after being “mauled by a German Shepherd while visiting a friend’s house” on June 29 and was evaluated by a doctor on July 3.

FTX Exec Ryan Salame ‘Mauled’ By German Shepherd, Asks For Prison Delay

Lawyers for the former crypto executive are asking Judge Lewis A. Kaplan of the U.S. District Court for the Southern District of New York to postpone Salame’s August 29 sentencing appearance to October 13 so he can “undergo urgent and necessary medical treatment and surgery.”

Got bit in the face by a dog (my fault not the dogs) and all I can think is I hope this surgeon isn't a democrat who knows I'm a republican

— Ryan Salame (@rsalame7926) June 29, 2024

“Got bit in the face by a dog (my fault not the dogs) and all I can think is I hope this surgeon isn’t a democrat who knows I’m a republican,” Salame posted to X on June 29.

Large parts of the former SBF associate’s letter to Kaplan, including images of the purported injury, have been redacted.

Salame pleaded guilty to violating campaign finance laws, defrauding the Federal Election Commission, and conspiring to operate an unlicensed money-transmitting business last September.

The former co-CEO of FTX’s Bahamian subsidiary FTX Markets was formally sentenced to 7.5 years in prison in May.

FTX Executives Await Their Fate Post Conviction Of Sam Bankman-Fried

Salame’s criminal troubles follow the dramatic collapse of Sam Bankman-Fried’s crypto exchange in November 2022 amid the revelation that FTX and its sister company, Alameda Research, misappropriated over $8 billion in customer funds.

Bankman-Fried was convicted in November 2022 following a month-long fraud trial that saw a handful of one-time friends and employees of the FTX founder testify against him, including FTX director of engineering Nishad Singh, FTX chief technology officer Gary Wang and Alameda Research CEO Caroline Ellison.

Bankman-Fried is currently serving 25 years in federal prison and has been ordered to pay $11 billion in forfeiture after having been sentenced in March.

Both Sing and Wang are reportedly slated to be sentenced this fall for their involvement in the multi-billion dollar digital asset scheme. A date for Ellison to be sentenced has apparently yet to be set.

In addition to prison time, Salame will have to pay a combined $11 million in forfeiture and restitution for his crypto-related crimes.

The post FTX Executive Ryan Salame Asks For Prison Sentencing Delay After Dog Attack appeared first on Cryptonews.

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CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

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