fincrimeagency@protonmail.com

@onmanagement

FTX Pursues $98.8 Million Recovery from Ex-Chief Ryan Salame

FTX Pursues $98.8 Million Recovery from Ex-Chief Ryan Salame

FTX Trading Ltd. has filed a lawsuit against Ryan Salame, former head of FTX Digital Markets, seeking the recovery of $98.8 million allegedly misappropriated in the lead-up to the exchange's collapse. Accusations against Salame include using customer funds to finance a lavish lifestyle and political contributions. He was sentenced to 7.5 years (90 months) in prison for his role in the FTX scandal.