In a surprising twist in the criminal case involving Ryan Salame, former co-CEO of FTX Digital Markets, it has been revealed that Salame has agreed to surrender his $5.9 million Bahamas property as part of his plea deal to avoid further prosecution. This decision was made instead of paying $5.6 million in cash as restitution.
Summary:
– Ryan Salame, former co-CEO of FTX Digital Markets, pleaded guilty to allegations related to the collapse of a cryptocurrency exchange.
– As part of his plea agreement, Salame agreed to make $5.6 million in reparation payments to creditors.
– Instead of paying in cash, Salame will hand over his $5.9 million Bahamas property to FTX Digital Markets Ltd.
– The transfer of the property fulfills Salame’s obligation to provide restitution to creditors involved in the case.
– This plea agreement highlights the severity of the claims against Salame and the legal consequences he faces.
