Salame’s lawyers argue that their client’s role was not at the center of the fraud at FTX, but that he assumed responsibilities at a more operational level. A sentencing memorandum filed with the court on Tuesday said Salame managed wire transfers and fiat currency conversions for FTX clients, made political donations using Alameda funds and spearheaded philanthropic initiatives in the Bahamas. Lawyers argue that these duties did not place Salame at the center of the scam, but rather played a role in running day-to-day operations.

One of Salame’s most important arguments for a reduced sentence is his cooperation with the authorities and his sincere remorse. His lawyers say Salame played a key role in launching investigations into FTX by providing information to Bahamian authorities. He also notes that he filed documents with the U.S. Attorney’s Office. The release of these documents without a grand jury subpoena reinforces Salame’s willingness to cooperate.

Lawyers say Salame showed genuine remorse and was the first person to inform authorities when he learned of the FTX scam. According to statements in the filing, “He had absolutely no idea that the four men at Alameda and FTX headquarters were conspiring to lie to their customers and steal money. Ryan did not steal money from anyone. He did not lie to customers.” sentences are included.

Salame’s lawyers emphasize that their client has suffered not only imprisonment but also significant personal and professional losses. He states that he suffered material and moral damage with the collapse of FTX. He also claims that being associated with FTX by the media has negatively affected his career. “FTX and all the media coverage of anything in Bankman-Fried’s orbit have ensured that Salame will be punished for the rest of his life,” the lawyers say. It is stated that this situation will make it difficult for Salame to find another job in the future.

Salame’s case is being compared to others involved in the FTX scandal. Figures such as Caroline Ellison and Gary Wang have pleaded guilty to the charges and sought plea bargains with US authorities to avoid prison time. Lawyers argue that Salame’s confession and cooperation placed him in a different position.

Will the arguments presented by Salame’s lawyers be enough to persuade the court to impose a lighter sentence? The answer to this question is not yet clear. However, Salame’s cooperation, remorse, and the fact that his operational role at FTX was not at the center of the fraud are factors that can be counted in his favor. The court is expected to announce its decision in the coming periods. This case could serve as a precedent showing that cooperation and remorse potentially lead to lighter sentences in fraud scandals in the cryptocurrency world.