Former FTX executive Ryan Salame was granted a delay to his prison reporting date on criminal charges related to his time at the bankrupt crypto exchange, according to a July 30 court filing.
Judge Lewis Kaplan agrees to allow former FTX executive Ryan Salame to push back his prison surrender date after he was injured by a dog. pic.twitter.com/Z8W38iGwoN
— Luc Cohen (@cohenluc) July 30, 2024
Ryan Salame was initially scheduled to begin his 7.5-year sentence on August 29, as ordered by Judge Lewis A. Kaplan. However, he has now been granted a 45-day postponement.
FTX Executive Ryan Salame Granted Prison Reporting Delay After Dog Attack
Recent legal filings by Salame’s lawyers revealed that the former co-CEO of FTX Markets suffered injuries from a dog attack on June 29.
Salame was at a friend’s house when he was “mauled by a German Shepherd.” He sought medical attention on July 3 for a “dog-bite injury to the face.”
This incident prompted the former crypto executive to file a motion for postponement to “undergo urgent and necessary medical treatment and surgery” for his injuries.
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
Following the attack, Salame took to X, formerly Twitter, to express his concerns about the incident.
“Got bit in the face by a dog (my fault, not the dog’s) and all I can think is I hope this surgeon isn’t a democrat who knows I’m a republican,” his June 29 post read.
Sam Bankman-Fried And Associates Face The Music For Crypto Crime Spree
Last fall, Salame pleaded guilty to operating an illegal money-transmitting business and making unlawful political contributions during his time at FTX. He received his sentence in May.
This contrasts FTX founder Sam Bankman-Fried, who was sentenced in March to a 25-year prison term for orchestrating the massive digital asset fraud that resulted in losing $8 billion of customer funds.
While several former Bankman-Fried associates, including FTX director of engineering Nishad Singh, FTX chief technology officer Gary Wang, and Alameda Research CEO Caroline Ellison, agreed to testify against him, Salame remained noticeably absent.
Many within the crypto community speculate that his refusal to cooperate with federal prosecutors in the high-profile case against Bankman-Fried may have contributed to a lengthier sentence.
I got some BIG interviews coming up but I'll share a couple notes beforehand –
I wasn't pushing crypto regulation in DC, I was pushing pandemic policy work altruistically (details to come)
There was no bank fraud (this is obvious unless you're stupid)
Lawyers told me we…
— Ryan Salame (@rsalame7926) July 27, 2024
However, Salame has recently hinted at upcoming “BIG interviews,” during which he plans to address several claims related to legal issues at FTX.
“People lied in SBFs trial (doesn’t mean he’s innocent but truly problematic),” Salame stated in an X post, referring to the crypto scheme. “You aren’t aware [of] how corrupt the legislative process is (more to come).”
In addition to his prison sentence, Salame must pay $11 million in forfeiture, a substantially smaller penalty than Bankman-Fried’s $11 billion fine.
The post Judge Grants FTX Executive Ryan Salame’s Prison Report Delay appeared first on Cryptonews.
