Friday, May 31, 2024

💬 Ryan Salame's Strange Twitter Tirade

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Ryan Salame, the former co-chief exec of FTX Digital Markets, has been sentenced to prison for conspiracy to commit election finance crimes and conspiracy to commit money transmission without licenses.

Ryan Salame gets longer prison sentence than CZ

In the hours immediately following his sentencing, Salame decided that he should take to X (formerly Twitter) to warn that "this is going to get interesting quickly." 

He also defended his personal trading account on FTX, claimed he was unaware of one of the loans his signature was on, and blamed his criminal charges on advice he got from lawyers (Salame did not present an advice of counsel defense for his criminal charges).

Eventually, he asked, "Who should I do the first public interview with?"

He apparently hopes this will give him the chance to "share what really happened," because there is "lots not public yet." 

I'm skeptical that Salame has a lot of non-public information that will seriously change our perception of this case. I believe that if Salame had that type of information, his willingness to share it could have resulted in him receiving a less severe sentence.

Instead, what we saw was a sentence over 20 times larger than Changpeng Zhao. Even more striking is the fact that Salame received a sentence longer than prosecutors asked for.

'Soak my Deck' captain Sam Trabucco sails in for Ryan Salame

If Salame really had the type of information he wants us to believe he has, he'd probably still get to hang out with his 'best friend' Samuel Trabucco on his boat.

I guess even when you are bound for your own funeral, you still hope for a few more days of spin.

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In other news:

Montenegro court set to decide on Do Kwon extradition… again

Any day now this will be solved for real.

Welsh government 'wastes' taxpayer cash on 'PS2-looking' metaverse

I am waiting for the metaverse that isn't a waste of money.

Donald Trump is now 'good with' Bitcoin, wants its future 'made in the USA'

This former president seems somewhat inconsistent and flighty, not sure he should have nuclear weapons.

We read the 230-page investigation into FTX so you don't have to
Speaking of things that Ryan Salame did…
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