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- Ryan Salame, an ex-FTX executive, was sentenced to 7 ½ years for fraud and campaign-finance crimes.
- One prosecutor said Salame's crimes eroded public trust in elections and financial institutions.
- He must pay a $6 million fine and $5 million in restitution. He must also give up his Porsche.
Ryan Salame, a former top executive at FTX and member of Sam Bankman-Fried's inner circle, has been slapped with a hefty prison sentence.
Salame is one of four top executives to plead guilty since the crypto exchange's collapse in 2022. The 30-year-old Massachusetts native was a high-ranking official at Bankman-Fried's Alameda Research before becoming co-CEO of FTX's Bahamian affiliate in 2021.