Dogecoin Community Exploration
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May / 04
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- Former FTX executive Ryan Salame forfeits $5.9m Bahamas mansion
- May 03, 2024 at 05:29 pm crypto.news
- Ryan Salame, FTX Digital Markets' former co-CEO, has consented to surrender his multimillion-dollar Bahamas mansion as per a plea deal. Salame pleaded guilty in September 2023 to conspiracy charges, obligating him to compensate debtors with $5.6 million. He proposes transferring his home's ownership to FTX Digital Markets Ltd. instead of paying cash. Debtors claim this aligns with their interests, preventing Salame from selling the property promptly at a reduced price and potentially hindering their ability to monetize other Bahamian properties.
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