FTX's Former Co-CEO Ryan Salame Withdraws Request to Drop 7.5-Year Sentence

ChainCatcher reports that Ryan Salame, former co-CEO of FTX Digital Markets, has withdrawn his request to dismiss a 7.5-year prison sentence. This decision stems from a disagreement arising from the US government's investigation into his partner, Michelle Bond. Salame's lawyers previously claimed that prosecutors pressured him to plead guilty by promising not to investigate Bond during plea negotiations.

However, Bond was later indicted for allegedly collaborating with FTX founder SBF to influence the US election system.

US Attorney for the Southern District of New York Damian Williams accused Bond of illegally accepting campaign contributions linked to FTX during the 2022 congressional elections. Judge Lewis Kaplan deemed Salame's request "ambiguous" and "inconsistent," reserving the right to impose sanctions. The US prosecution denied reaching an agreement with Salame not to investigate Bond.

Previous Report Caroline Ellison, former head of FTX's sister company Alameda Research, is seeking to avoid prison for her role in the fraud.