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

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, who was released on a $1 million bond, faces a maximum possible sentence of 10 years in prison. His sentencing was scheduled for March 6.

In addition to the monetary forfeiture, which will be paid to the U.S. government, Salame will pay $5 million to debtors of FTX.

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