From LinkedIn to LockedIn: Former FTX Exec Ryan Salame Shares Bizarre Prison Post

2 months ago |   readers | 2 mins reading
From LinkedIn to LockedIn: Former FTX Exec Ryan Salame Shares Bizarre Prison Post

Most people use LinkedIn to share promotions or new career moves—Ryan Salame used it to announce his next stop: prison. On Thursday, just days before beginning a seven-and-a-half-year sentence, the former FTX co-CEO His dark humor didn’t go unnoticed, with LinkedIn users showering him with ironic congratulations. One user quipped, “Bro went from LinkedIn to LockedIn,” while another added, “Well deserved, Ryan.”Salame, who once held a high-flying position at FTX, is now one of several executives to face serious consequences following the crypto exchange’s downfall.His legal troubles began following the implosion of FTX in November 2022. Once valued at $32 billion, FTX collapsed amid accusations of fraud and misuse of customer funds.The former FTX co-CEO was charged with making illegal political donations—funneling tens of millions to both Republican and Democratic campaigns—and operating an unlicensed money-transmitting business. Despite pleading guilty in a Manhattan courtroom, Salame won a While the luxury car stays in his possession, he’s required to cover a $1,500 maintenance cost. The slight concession contrasts with the $1.5 billion in assets Salame has forfeited concerning his crimes at FTX.Salame has maintained that he was “duped” by FTX founder Sam Bankman-Fried (SBF) into believing the company was stable. Prosecutors, however, pointed to Salame’s withdrawal of over $5 million worth of crypto just as the exchange was faltering.Salame’s sentencing is part of the larger fallout from FTX’s downfall. Caroline Ellison, former CEO of FTX’s sister firm Alameda Research and a key witness against SBF, has been Ellison’s testimony was critical in the case against Bankman-Fried, who received a Unlike Ellison and FTX’s co-founder Gary Wang, Salame did not testify at the FTX founder’s trial, a decision that likely contributed to his harsher sentence.Following the viral response to his LinkedIn post, he took to Twitter (now X) to poke fun, Edited by Sebastian Sinclair

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