A company that is changing the way the world mines bitcoin

The Daily Hodl 2024-12-27 19:45:48

Release Date for Incarcerated Former FTX Exec Ryan Salame Moved Up by a Year

Incarcerated former FTX executive Ryan Salame appears to have already slashed a year off his prison sentence. Data from the U.S. Federal Bureau of Prisons indicates Salame’s release date is now March 1st, 2031. The former co-chief executive of FTX Digital Markets reported to prison in October after being sentenced to 7.5 years behind bars, meaning he was initially scheduled for release around April 2032. Salame pled guilty last year to conspiracy to make unlawful political contributions and defraud the Federal Election Commission (FEC), as well as conspiracy to operate an unlicensed money-transmitting business. In May, District Judge Lewis A. Kaplan sentenced the former executive to 7.5 years behind bars, but a legal dust-up over the indictment of the mother of his child, Michelle Bond, delayed the start of his prison term. FTX imploded and filed for bankruptcy in November 2022 amid accusations that founder and CEO Sam Bankman-Fried mishandled the exchange’s funds by loaning out billions of dollars worth of customer deposits to Alameda Research, the firm’s trading arm, to make risky crypto bets that went awry. The exchange’s multi-billion dollar collapse led to a sharp downtick in crypto prices, and US federal authorities arrested Bankman-Fried the following month. In March, Judge Kaplan sentenced Bankman-Fried to 25 years in prison and three years of supervised release. He also ordered the 32-year-old to pay $11 billion in forfeiture. Bankman-Fried is appealing his conviction and sentence. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Release Date for Incarcerated Former FTX Exec Ryan Salame Moved Up by a Year appeared first on The Daily Hodl .

Наиболее читаемые новости

Engineer Predicts Biggest Bull Run Coming Soo...
2024-12-29
$200K Bitcoin? 9 AI Chatbots Predict Explosiv...
2024-12-29
XRP Forms Bullish Flag Pattern: What’s Next F...
2024-12-29
Trump Cyborg (TRUMPCYB) Solana Memecoin to Ra...
2024-12-29
Missed Turbo’s Initial Rise? Grab This Best N...
2024-12-29
This year in crypto – Spot Bitcoin & Ethereum...
2024-12-29
Chainlink Price Remains Steady & Stellar Indi...
2024-12-28
Volatility Shares Files for Solana Futures ET...
2024-12-28

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения