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Ryan Salame, once a high-ranking executive at bankrupt cryptocurrency company FTX, took to LinkedIn this week to share that he is starting a new position — as an inmate in federal prison.
Salame was the co-CEO of FTX Digital Markets, an FTX subsidiary based in the Bahamas.
FTX operated a crypto exchange and hedge fund before it collapsed in 2022 over a massive fraud scheme perpetrated by its founder, Sam Bankman-Fried. SBF, as he is known, is currently serving his own prison sentence after he was convicting of looting the company he founded.
Salame allegedly received $55 million in loans from the company. He was accused of using money from FTX to donate to political campaigns.
Salame pleaded guilty to violating campaign finance laws and operating an illegal …
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