On October 11th, 2024, he turned himself in at FCI Cumberland, according to the Bureau of Prisons.
Salame was sentenced to 90 months in prison for his role in the collapse of the FTX cryptocurrency exchange in 2022. He pleaded guilty to charges related to running an unregulated money-transmitting business and campaign finance violations.
Salame’s Case Underscores the Fallout From the FTX Collapse
Before his surrender, Salame appeared on Tucker Carlson’s podcast, where he expressed his belief that federal prosecutors unfairly targeted him for political reasons. His claims added fuel to the fire of the ongoing controversy surrounding his case. Salame had tried to delay his surrender until December 7th, 2024, citing ongoing medical treatment for a dog bite. However, this request was met with strong opposition from prosecutors and was denied by Judge Lewis Kaplan just a day before he was to report to prison.
Ryan Salame former FTX CEO just updated his LinkedIn with one of the all time greatest posts ever: pic.twitter.com/pAJWahy35s
— Nick Dimondi (@NickDimondi) October 10, 2024
Salame was also interviewed by Laura Shin on her Unchained podcast, which aired the same day he went into custody. During the interview, he discussed withdrawing nearly $600,000 in cryptocurrency during the FTX collapse. He admitted, “Not my brightest moment,” and explained that most of his net worth was tied up in FTX.
He claimed he needed the money to cover legal fees but acknowledged that he shouldn’t have taken it. Salame mentioned that at least one of those withdrawals was never used and was forfeited to the Department of Justice weeks before the podcast aired.
FTX’s Ryan Salame Is Going to Prison. Here’s What He Has to Say
On the day he’s headed to prison, Ryan Salame (@rsalame7926), former executive at FTX, spent 90 minutes on Unchained, talking about:
🔸 What he knew when
😯 Why he claims Caroline Ellison lied
💸 Why he withdrew… pic.twitter.com/Aysnh4AZli— Laura Shin (@laurashin) October 11, 2024
Despite the serious nature of his situation, Salame revealed plans to study law while in prison. He stated that he has no intention of becoming a lawyer but wants to learn enough to represent himself. He believes the legal advice he received before led to his felony convictions.
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