U.S. prosecutors are seeking a five to seven-year prison sentence for former FTX executive Ryan Salame, who was allegedly a key accomplice to FTX co-founder Sam “SBF” Bankman-Fried, in connection with the collapse of the FTX crypto exchange. On May 21, federal prosecutors submitted a sentencing memo to a Manhattan federal court, calling for a strict sentence for Salame, who has pleaded guilty to serious crimes related to the misuse of FTX investors’ funds. According to a court filing viewed by Bloomberg, the prosecutors are advocating for a “just punishment” that reflects the severity of Salame’s crimes, contrary to his
