On May 28, former FTX executive Ryan Salame was sentenced by the US DOJ to 90 months (7.5 years) in prison. Salame is scheduled to surrender on August 29, with his lawyers requesting he serve his time at a federal prison in Cumberland, Maryland. In addition to the prison term, Salame must also serve three years of supervised release and pay over $6 million in forfeiture and $5 million in restitution.

US attorney Damian Williams highlighted Salame’s involvement in illegal campaign financing and operating an unlawful money transmission business, noting the significant consequences of such offenses. Judge Lewis Kaplan, who handed down the sentence, cited Salame’s substantial personal withdrawals during FTX's collapse and his political financing crimes as key factors. Despite the defense’s claims that Salame was unaware of former FTX CEO Sam Bankman-Fried’s fraud and was merely a tool of the former leader, Judge Kaplan imposed a longer sentence than the five to seven years prosecutors sought or the 18 months requested by Salame’s defense.

Salame, who became co-CEO of FTX Digital Markets in October 2021 and held other high-ranking positions at Alameda Research, was heavily involved in FTX’s operations. He conspired with other executives to move customer funds without a license and make false bank statements. He also collaborated with Bankman-Fried and Nishad Singh to conduct over 300 illegal campaign donations worth tens of millions of dollars. This sentencing follows Bankman-Fried's 24-year prison sentence in March, with other executives awaiting sentencing after reaching plea deals.