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News Swiftly

Ex-FTX Exec Updates LinkedIn With 'New Position' in Prison

Ryan Salame, former co-chief executive officer of FTX Digital Markets, is set to begin his prison sentence on Friday.

Ryan Salame, a former FTX top executive who worked alongside Sam Bankman-Fried, is set to report to federal prison in Maryland on Friday. He pleaded guilty to campaign finance fraud in May and will serve a sentence of seven-and-a-half years.

Salame, 31, announced the change in location and scenery by updating his LinkedIn Thursday with the news.

Related: A Designer's Take on LinkedIn's 'Open to Work' Banner Went Viral. It Reignited the Platform's Most Controversial Debate.

"I'm happy to share that I'm starting a new position as Inmate at FCI Cumberland!" he wrote.

LinkedIn

After going viral on LinkedIn, an account that appears to be Salame (with a bio that reads: "7.5 year prison sentence. Former: Free man, US Republican Mega-donor, CEO of FTX Digital Markets, Circle Trade, CPA. HK/US/Bahamas. Not a lawyer," took to X with another joke.

Today I learned people still use LinkedIn ? Ryan Salame (@rsalame7926) October 11, 2024

Bankman-Fried, who founded the now-bankrupt cryptocurrency exchange FTX, was found guilty in November on seven counts, including fraud, embezzlement, and criminal conspiracy, for stealing $8 billion from FTX customers. He's serving a 25-year sentence.

In a press release in September 2023, U.S. Attorney Damian William said, "Ryan Salame agreed to advance the interests of FTX, Alameda Research, and his co-conspirators through an unlawful political influence campaign and through an unlicensed money transmitting business, which helped FTX grow faster and larger by operating outside of the law."

Related: From Tom Brady to Kevin O'Leary ? See Who Lost Big in the Wake of the FTX Crypto Collapse

Ryan Salame, former co-chief executive officer of FTX Digital Markets Ltd. - Stephanie Keith/Bloomberg | Getty Images

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