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Former FTX executive Ryan Salame shared a tongue-in-cheek update to LinkedIn ahead of his seven-and-a-half year prison sentence, which began on Friday, Daily Mail is reporting.
‘I’m happy to share I’m starting a new position as Inmate at FCI Cumberland,’ the 31-year-old wrote on the platform on Wednesday, two days ahead of his prison sentence beginning. He also added ‘cleaning and whittling’ as a skill in his new position.
Salame, who was the former co-CEO of FTX’s Bahamian subsidiary and in company founder Sam Bankman-Fried’s inner circle, was sentenced to seven and a half years in prison in May.
He’ll be serving his sentence at FCI Cumberland, a medium-security federal prison in Maryland. Salame pleaded guilty to violating campaign finance laws and operating an illegal money-transmitting business. He was sentenced to prison on fra¥d and campaign finance charges related to Bankman-Fried’s crypto exchange collapse in 2022. He also helped expose Bankman-Fried of stealing more than $8 billion in customer money, which was mean to be stored in the cryptocurrency exchange.
In an interview with the New York Times, Salame also said he wasn’t guilty of the crimes he was accused of, claiming that lawyers at FTX had approved those donations, and that he had filed his guilty plea based on bad legal advice.
In November 2022, Salame tipped off authorities that FTX customer funds were being used to pay off debts at Alameda Research, the hedge fund started by Bankman-Fried’s then-girlfriend Caroline Ellison. The social-media loving executive often took to social media to rant about his lawyers, alleging his former FTX employees were recounting the events wrong and to share support for former President Donald Trump after he spoke at a Bitcoin conference in Nashville.
Former FTX executive Ryan Salame shared a tongue-in-cheek update to LinkedIn ahead of his seven-and-a-half year prison sentence, which began on Friday, Daily Mail is reporting.
‘I’m happy to share I’m starting a new position as Inmate at FCI Cumberland,’ the 31-year-old wrote on the platform on Wednesday, two days ahead of his prison sentence beginning. He also added ‘cleaning and whittling’ as a skill in his new position.
Salame, who was the former co-CEO of FTX’s Bahamian subsidiary and in company founder Sam Bankman-Fried’s inner circle, was sentenced to seven and a half years in prison in May.
He’ll be serving his sentence at FCI Cumberland, a medium-security federal prison in Maryland. Salame pleaded guilty to violating campaign finance laws and operating an illegal money-transmitting business. He was sentenced to prison on fra¥d and campaign finance charges related to Bankman-Fried’s crypto exchange collapse in 2022. He also helped expose Bankman-Fried of stealing more than $8 billion in customer money, which was mean to be stored in the cryptocurrency exchange.
In an interview with the New York Times, Salame also said he wasn’t guilty of the crimes he was accused of, claiming that lawyers at FTX had approved those donations, and that he had filed his guilty plea based on bad legal advice.
In November 2022, Salame tipped off authorities that FTX customer funds were being used to pay off debts at Alameda Research, the hedge fund started by Bankman-Fried’s then-girlfriend Caroline Ellison. The social-media loving executive often took to social media to rant about his lawyers, alleging his former FTX employees were recounting the events wrong and to share support for former President Donald Trump after he spoke at a Bitcoin conference in Nashville.
