Former FTX executive Ryan Salame is seeking a reduced sentence of 18 months, citing his cooperation with authorities and genuine remorse. Salame’s attorneys argue that his role in the election fraud charges was less central and more operational, emphasizing that he had no knowledge of the conspiracies orchestrated by individuals at the center of Alameda and FTX. They claim he did not steal or deceive customers and promptly reported the fraud to authorities in the Bahamas. Salame willingly provided documents to the U.S. Attorney’s Office and has faced personal and professional consequences due to negative media scrutiny. The court will consider his sentencing memorandum along with other factors before making a final decision. Meanwhile, FTX CEO Sam Bankman-Fried has filed to appeal his fraud conviction and sentence, while the FTX bankruptcy estate aims to initiate repayments to customers by the end of 2024.
