Former FTX executive Ryan Salame sentenced to over 7 years in prison

Ryan Salame, a former executive of FTX, was sentenced to 90 months in prison for breaking the law. He was involved in illegal activities related to money and political campaign finance. This caused a loss of trust in the financial system and American elections. Salame was found guilty of fraud and conspiracy charges, which led to FTX's failure. He was one of the top executives who pleaded guilty to crimes along with others from the same company. FTX was once a big cryptocurrency exchange, but it collapsed due to financial problems. This led to the exposure of criminal activities by the founder, Sam Bankman-Fried. He was sentenced to 25 years in prison for stealing money from customers. Salame's sentence was longer than what prosecutors asked for. He was also ordered to pay millions in fines and restitution. Salame was involved in transmitting money illegally and hiding campaign contributions. This affected the integrity of the financial system and American elections. His actions had serious consequences, leading to a lengthy prison term. Unlike some of his colleagues, Salame did not testify against the founder in exchange for a lighter sentence. The collapse of FTX revealed a massive fraud scheme that affected many people.