Ex-FTX executive gets over seven years for making illegal political donations

Ryan Salame is first of Sam Bankman-Fried's lieutenants to get jail time for his role in 2022 collapse of cryptocurrency exchange

A federal judge on Tuesday sentenced the former FTX executive Ryan Salame to more than seven years in prison, the first of the lieutenants of the failed cryptocurrency mogul Sam Bankman-Fried to receive jail time for their roles in the 2022 collapse of the cryptocurrency exchange.

Salame, 30, was a high-ranking executive at FTX for most of the exchange's existence and, up until its collapse, was the co-CEO of FTX Digital Markets. He pleaded guilty last year to illegally making unlawful US campaign contributions and to operating an unlicensed money-transmitting business.