Spokesperson Hints at Sam Bankman-Fried’s Possible Move to California Prison

May 23, 2024 Bitcoin.com

Prosecutors Recommend 5-7 Year Sentence for Former FTX Executive Ryan Salame

May 22, 2024 Bitcoin.com

US lawmaker addresses House before FIT21 vote: Bill ‘will stop another FTX’

May 21, 2024 Coin Telegraph

Despite FTX’s Collapse, FTT’s $535M Market Cap Highlights Crypto Absurdity

May 19, 2024 Bitcoin.com

Former Alameda Research Boss Sam Trabucco Reemerges to Defend Ryan Salame Before Sentencing

May 16, 2024 Bitcoin.com

Ex-Alameda Research co-CEO calls for ‘fair’ sentencing of Ryan Salame

May 16, 2024 Coin Telegraph

Coin Telegraph

Sam Trabucco, who resigned as co-CEO of Alameda Research in August 2022, has largely remained absent from the public eye since the collapse of FTX.

Former Alameda Research co-CEO Sam Trabucco, who resigned from the company before the collapse of cryptocurrency exchange FTX and criminal charges for many of its executives, has called for leniency in sentencing former FTX Digital Markets co-CEO Ryan Salame.

In a character reference letter dated May 6, filed with a sentencing recommendation in the United States District Court for the Southern District of New York, Trabucco said Salame was his best friend and wanted the consequences of his criminal actions to be “fair” based on his role in misappropriating FTX user funds. He described his friendship with Salame based on their shared experiences in the crypto space and working with former FTX CEO Sam “SBF” Bankman-Fried.

In September 2023, Salame pleaded guilty to conspiracy to operate an unlicensed money transmitting business and engaging in campaign finance fraud related to contributions to his girlfriend Michelle Bond’s run for Congress. According to Trabucco, Bond and Salame now have a son together, and any time in prison could harm his relationship with his family.

Ex-FTX exec Ryan Salame asks for no more than 18 months in prison

May 15, 2024 Coin Telegraph

Coin Telegraph

The former FTX Digital Markets co-CEO pleaded guilty to two felonies and was one of the only figures connected with the defunct crypto exchange who didn’t testify at SBF’s trial.

Lawyers representing Ryan Salame have requested the former co-CEO of FTX Digital Markets be sentenced to no more than 18 months in prison.

In a May 14 filing with the United States District Court for the Southern District of New York, Salame’s legal team argued that in addition to the “substantial restitution and forfeiture obligations” offered by the former FTX executive, a sentence of no more than 18 months in prison was “appropriate.” Salame pleaded guilty to conspiracy to operate an unlicensed money-transmitting business and engaging in campaign finance fraud in September 2023 and is scheduled to be sentenced by Judge Lewis Kaplan on May 28.

“[Salame] had absolutely no knowledge that the four people at the center of Alameda and FTX had conspired to lie and steal from their customers,” his lawyers claimed in the May 14 sentencing memo. “Ryan stole from no one. He did not lie to customers. And he was duped, as was everyone else, into believing that the companies were legitimate, solvent, and wildly profitable.”

FTX