Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Former FTX executive Ryan Salame agreed to forfeit his $5.9 million Bahamas home as part of his plea deal.
BLOCKCHAIN NEWS

Former FTX executive Ryan Salame agreed to forfeit his $5.9 million Bahamas home as part of his plea deal.

By Crypto FlexsMay 3, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Former FTX executive Ryan Salame agreed to forfeit his .9 million Bahamas home as part of his plea deal.
Share
Facebook Twitter LinkedIn Pinterest Email





In a dramatic turn of events involving a criminal case involving Ryan Salame, the former co-CEO of FTX Digital Markets, it was announced that Salame had agreed to give up $5.9 million worth of Bahamian assets. His plea agreement. This is an important development in the case as it allows Salameh to avoid further prosecution. Instead of being forced to pay $5.6 million in cash, this decision was made optional.

Analysis of terms of agreement to plead guilty

Ryan Salame pleaded guilty in court in early September 2023 to charges arising from the cryptocurrency exchange collapse.

Salameh was required to pay restitution totaling $5.6 million to creditors to comply with the terms of his plea agreement.

After reaching a settlement with FTX Digital Markets Ltd., Salame agreed to hand over his Bahamas home, estimated to be worth $5.9 million. This is done in lieu of making a monetary payment to cover the cost of the repairs.

The transfer of property is one of the most important components that must be completed in order for Salameh to fulfill its obligation to fulfill its indemnity requirements.

A plea agreement was reached

The criminal case allowed Salameh to fulfill much of his financial burden by giving up his home in the Bahamas. This is accomplished by giving up his home in the Bahamas.

The transfer of assets to FTX Digital Markets Ltd. serves the purpose of providing some form of compensation to creditors involved in the case.

This plea agreement highlights the seriousness of the case filed against Salameh and the legal repercussions he will face as a result of the actions he has taken.

Image source: Shutterstock

. . .

tag


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025

The new gold protocol of the BNB chain is due to the $ 2 million launch day nucleus.

September 20, 2025

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

Crypto Trader Says Ethereum-Based Altcoin Could Explode Over 80%, Updates Outlook for Bitcoin and Litecoin.

January 5, 2024

Bitmex starts a gift contract for each quarter of Q2 2025.

March 11, 2025

Crypto analysts suggest that Dogecoin (DOGE) could begin a parabolic run this month. Here’s why:

November 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.