Former FTX Digital Markets co-CEO Ryan Salame, 30, sentenced to 7.5 years in federal prison for campaign finance violations and operating an unlicensed money-transmitting business.

Salame's charges are linked to the collapse of cryptocurrency exchange FTX.

He pleaded guilty to fraud and conspiracy charges related to FTX's downfall.

Salame cooperated with prosecutors, admitting to withdrawing $5 million from FTX during its collapse.

His cooperation included providing documents that aided the case.

The sentence was harsher than prosecutors requested, reflecting the severity of his actions and impact on FTX's demise.

Three other senior FTX executives, including co-founder Gary Wang, are awaiting sentencing after testifying against FTX founder Sam Bankman-Fried.

Salame apologized for his actions but acknowledged their illegality.