Ryan Salame, a former executive at FTX, entered prison custody at FCI Cumberland on October 11, 2024. Salame was sentenced to 90 months for his involvement in the 2022 FTX collapse after pleading guilty to operating an unregulated money-transmitting business and violating campaign finance laws in 2023.
Despite attempts to delay his surrender due to medical reasons, Judge Lewis Kaplan denied his motion. Salame, however, appeared unfazed by the sentence, even updating his social media profiles to reflect his inmate status.
In a recent interview on the Unchained podcast, Salame admitted to withdrawing $600,000 in cryptocurrency during the FTX collapse, calling it “not my brightest moment.
” He explained that the funds were intended for legal fees, though some were later forfeited to the Department of Justice. Salame also expressed his intention to study law, not for a career, but to represent himself, criticizing the legal counsel he had received during his case.