Former FTX executive Ryan Salame has reported to prison and will serve 7 and a half years

BlockBeats news, October 13, according to The Block, former FTX executive Ryan Salame has begun serving a sentence of seven and a half years in a prison in Maryland, USA.

According to the Federal Bureau of Prisons website, Salame, who was the co-CEO of FTX Digital Markets, was imprisoned in FCI Cumberland in Maryland as of Saturday morning. The prison is a "medium-security federal correctional institution with a minimum-security satellite camp." According to its website, there are more than 1,000 prisoners in the prison.

On Thursday, Salame shared a post on LinkedIn that seemed to be teasing his situation.

"I'm happy to share with you that I'm starting a new position at FCI Cumberland: Prisoner," Salame posted.