Ex-FTX Executives' Divergent Paths: Gruhn Buys Titanic Artifact, Salame Surrenders Property

Friday, 3 May 2024, 05:55
Following FTX's collapse, former executives Gruhn and Salame face contrasting fates. Gruhn makes a historic purchase of a Titanic relic while Salame surrenders a multimillion-dollar property due to legal obligations. The FTX estate continues to sell off token holdings for reimbursement plans, marking uncertain futures for the personalities involved.
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Ex-FTX Executives' Divergent Paths: Gruhn Buys Titanic Artifact, Salame Surrenders Property

FTX Fallout: Gruhn's Titanic Splurge, Salame's Surrender

Ex-FTX heads face opposite realities: One buys a Titanic watch, the other surrenders property.

From FTX to Titanic Relics

Gruhn made headlines with a $1.5 million acquisition of a 14-karat gold pocket watch that survived the Titanic's sinking, intended as a museum display. Despite his links to FTX's controversy, Gruhn avoided litigation through a settlement and launched a new crypto business post-departure.

Salame's Settlements and SOL Token Sales

Ryan Salame faced legal repercussions, surrendering a $5.9 million property for fraud-related restitution after pleading guilty. FTX estate's token sales aim at repayments by late 2024, drawing interest from major firms despite discounted prices.

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