Coin

<ul class="news-points"> 
 <li>Ryan Salame, former FTX executive, has pleaded guilty to criminal charges in the FTX case.</li> 
 <li>As part of the plea, Salame will be surrendering over $1.5 billion in New York federal court.</li> 
 <li>Reportedly, Salame could face up to 10 years in prison for his crimes.</li> 
</ul> 
Former FTX executive Ryan Salame has pleaded guilty to criminal charges in the <a href="https://coinedition.com/tag/ftx-news/" rel="noopener noreferrer nofollow">FTX</a> case, admitting in court that he had violated laws and operated an illegal money-transmitting business. Salame will also be surrendering over $1.5 billion, as part of the plea. 
In addition to this sum, Salame will also be paying $5.6 million to FTX debtors. The former FTX executive has also agreed to pay $6 million to the government, among other properties before his scheduled sentencing. The date for his sentencing is March 6 of next year. 
In a statement to the public, U.S. Attorney Damian Williams, said, “Ryan Salame agreed to advance the interests of FTX, Alameda Research, and his co-conspirators through an unlawful political influence campaign and through an unlicensed money transmitting business, which helped FTX grow faster and larger by operating outside of the law.” 
Salame has also pleaded guilty to one count… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/former-ftx-executive-pleads-guilty-risks-10-year-prison-term/">Former FTX Executive Pleads Guilty; Risks 10-Year Prison Term</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Former FTX Executive Pleads Guilty; Risks 10-Year Prison Term

Coin Edition

Other articles published on Sep 8, 2023

Long-Term Litecoin (LTC) Holders Reach 5 Million: Data Shows Growing Confidence

Coinbase prioritizes international expansion amid US litigation

OKX Inks Strategic Partnership With Circle to Offer USDC Features

Nomura Says Its Crypto Unit Won't Be Profitable By 2024

Unveiling the Power of Cryptocurrency Cloud Mining: TopHash

X keeps 99% of ad revenue from most creator payouts

Join our free newsletter for daily crypto updates!