Ex FTX Exec Ryan Salame Asks For Another Sentence Delay

Ryan Salame had requested his first continuance in August after he suffered a dog bite on the face in late June.

Former FTX Digital Markets co-CEO Ryan Salame has once again requested an extension before serving his jail term, citing an ongoing need for medical attention. Salame's attorney filed the latest motion with the court on Thursday, seeking to delay the surrender date to December 7, 2024, from October 11.

The request comes after Salame was attacked by a dog in June, and his doctor has recommended further treatment. As reported by CoinDesk, Salame had requested his first continuance in August after he suffered a dog bite on the face in late June. According to court documents, he needed emergency surgery, and the court agreed by allowing him to surrender in October 11 instead of the original date in August.

“Salame's treating physician has advised that Salame needs to be under further treatment to fully recover,” the ex-FTX exec's attorney added in the latest filing.

The new request submitted this week claims that Salame continues to require further medical attention and is not in a state to begin his imprisonment. Salame's attorney added,

“The parties agreed in August to an extension and agreed to a surrender date of October 11, 2024. The instant motion is for an additional two months.”

However, the government has opposed the second delay, which means that the government has not supported Salame's request to extend his time of joining prison. The parties had agreed earlier to postpone his surrender until October, and the current motion is to have another two months extension.

The ex-FTX exec latest filing comes just days before he is due to start serving a 7.5-year sentence for embezzlement.

Salame entered a plea agreement in September 2023 when he was convicted of several criminal offenses related to the unlawful provision of political contributions and running an unlicensed money transmitting business. His legal issues are just a part of the consequences of the crypto exchange's failure, a crypto exchange that was created by Sam Bankman-Fried.

Salame was an important member of the FTX Digital Markets team, which is the core of FTX's business across the world. He partnered with Bankman-Fried who was given a nearly 25-year jail sentence earlier this year following a fraud conviction. Salame and other executives that including Caroline Ellison and Nishad Singh among others had some legal charges to face as the investigation into the crypto exchange's collapse unfolded.

While some executives, including Ellison and Singh, await sentencing, Salame's prison term is set to begin soon unless the court grants his latest request.

Concurrently, while Ryan Salame tries to delay the execution of his sentence, the FTX bankruptcy situation remains a topic of discussion.

Subsequently, Salame's legal battles are part of the larger context of FTX's collapse, which has left customers and creditors seeking to recover billions in lost funds. However, the US bankruptcy judge John Dorsey has recently sanctioned a bankruptcy plan whereby the crypto exchange's creditors are set to receive about $6.6 billion. The first payouts are expected to be made in the next couple of weeks.

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