Coinspeaker
What’s Next for FTX’s Ellison, Wang, Salame, and Singh Following SBF’s 25-Year Prison Sentence?

The recent sentence of nearly 25 years in jail for Sam Bankman-Fried for his part in financial fraud has brought attention to his former coworkers at FTX. Along with Caroline Ellison, Gary Wang, Ryan Salame, and Nishad Singh, others are currently facing legal action as a result of the FTX relationship.

After Bankman-Fried was found guilty and sentenced, what will happen to his other co-conspirators? Some of them are helping the police, but that doesn’t mean they won’t end up in jail.

FTX Co-Conspirators Await Fate

Ryan Salame, who used to be co-CEO of FTX Digital Markets, has a court date on May 1. Sam “SBF” Bankman-Fried, who used to be CEO of FTX, and Salame were both involved in the same court case. At court, he admitted that he had given $10 million to political campaigns, which he wrongly said were loans and had no plans to repay.

Former FTX head of engineering Nishad Singh stated that in September 2022 he found a $8 billion financial discrepancy. Singh knew about it, but h...