The collapse of cryptocurrency exchange FTX led to severe legal consequences for its executives. Founder Sam Bankman-Fried received a 25-year sentence for allegedly diverting $8 billion from customers. Ryan Salame, former co-CEO of FTX’s Bahamian subsidiary, was sentenced to 7.5 years for campaign finance violations and operating an unlicensed money-transmitting business. Other executives, including Caroline Ellison, Gary Wang, Nishad Singh, and Constance Wang, also admitted guilt. FTX’s downfall, triggered by financial instability in 2022, revealed extensive misconduct, including misuse of customer funds, culminating in fraud and money laundering convictions for its leaders.