🚨Breaking News🚨: Former FTX executive Ryan Salame is facing a potential 5-7 year prison sentence, as federal prosecutors emphasize the severity of his offenses in the multibillion-dollar collapse of the crypto exchange. 😱

Salame's defense team is pushing for a lighter sentence, no more than 18 months, arguing his role in exposing the fraud should be taken into account. 🕵️‍♂️ They've highlighted his cooperation with authorities and his efforts to alert Bahamian regulators to the impending crisis.

Since pleading guilty in September, Salame has reportedly been on a new path, raising his first child and seeking treatment for substance abuse. 🍼 His plea deal includes forfeiting $6 million worth of assets, including a Massachusetts restaurant near his hometown. 🏠

Salame is set to be sentenced on May 28, the first member of FTX co-founder Sam Bankman-Fried’s inner circle to face justice for his role in the crypto exchange’s downfall. 📉 Bankman-Fried himself is currently appealing a 25-year prison sentence. ⚖️

During his tenure at FTX, Salame facilitated customer deposits through a U.S. bank account without the necessary licenses and served as a straw donor for Bankman-Fried, channeling millions in political donations to crypto-friendly candidates. 🏦🗳️ Stay tuned for more updates! 📰