Former FTX exec Salame to forfeit $1.5 billion, pleads guilty to two criminal counts

FTX logo displayed on a phone screen is seen through the broken glass in this illustration photo taken in Krakow, Poland on November 14, 2022.

Jakub Porzycki/NurPhoto via Getty Images

Former FTX executive Ryan Salame pleaded guilty Thursday to federal campaign finance and money-transmitting crimes, and agreed to forfeit more than $1.5 billion.

Salame faces a maximum possible sentence of 10 years in prison.

This is breaking news. Please check back for updates.

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