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First of Bankman-Fried FTX lieutenants gets 7.5 years in prison

Ryan Salame exits federal court in New York, on Sept. 7. Photo: Stephanie Keith/Bloomberg
Bloomberg
Ava Benny-Morrison and Chris Dolmetsch(c) 2024 , Bloomberg

The former chief executive of FTX’s Bahamas subsidiary was ordered to spend 7 1/2 years in prison, the first of Sam Bankman-Fried’s close associates to be sentenced in the wake of the cryptocurrency exchange’s implosion.

Ryan Salame appeared in a Manhattan courtroom Tuesday, after reaching a plea deal with federal prosecutors in September, weeks before…