Ex-FTX Executive Ryan Salame to Admit Guilt in Bloomberg-Reported Case

Police & Regulations
Sep 8, 2023 at 10:53 am

In a startling twist of events, Ryan Salame, formerly the co-CEO of FTX Digital Markets, has declared his intent to admit guilt to criminal charges. This disclosure, brought to light by Bloomberg, underscores Salame's pivotal role as one of Sam Bankman-Fried's key collaborators within FTX.

It's important to emphasize that Salame was entrusted with the oversight of political contributions made by the cryptocurrency exchange. His influence extended to FTX's active involvement in political donations, notably directing substantial resources towards Republican candidates.

This plea comes shortly before Bankman-Fried's impending trial in New York. Salame is scheduled to make his appearance at a hearing in Manhattan later today, as stated in Bloomberg's report. This development represents a critical juncture in the ongoing legal proceedings surrounding FTX and its prominent personalities.

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