{"id":151633,"date":"2023-09-07T21:37:31","date_gmt":"2023-09-07T16:07:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=151633"},"modified":"2023-09-07T21:37:31","modified_gmt":"2023-09-07T16:07:31","slug":"former-ftx-executive-ryan-salame-to-plead-guilty-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/former-ftx-executive-ryan-salame-to-plead-guilty-crypto-news\/","title":{"rendered":"Former FTX Executive Ryan Salame to Plead Guilty – Crypto News"},"content":{"rendered":"

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Ryan Salame, the ex-co-CEO of FTX\u2019s Bahamian subsidiary, is reportedly preparing to file a guilty plea in federal court in Manhattan. This Thursday\u2019s presentation is a part of the continuing inquiry into the collapsed digital currency exchange. This development comes just over a month before FTX co-founder <\/span>Sam Bankman-Fried\u2019s trial<\/span><\/a>.<\/span><\/p>\n

Ryan Salame Under Scrutiny<\/strong><\/h2>\n

Salame\u2019s guilty plea comes at a critical juncture, less than a month before Sam Bankman-Fried\u2019s trial. This shifts the focus back to the many criminal and regulatory probes in which FTX has been involved. In addition, inquiries had focused on Salame because of the <\/span>$24 million<\/span><\/a> he had donated to political campaigns.<\/span><\/p>\n

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Additionally, the federal government has previously investigated Salame, primarily for possible breaches of campaign financing legislation. These were associated with his role in Michelle Bond\u2019s 2022 congressional race. As a result, federal officials have been trying to ascertain if Salame and Bond evaded contribution restrictions set by the government.<\/span><\/p>\n

Guilty Pleas at FTX<\/h2>\n

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In addition, Salame\u2019s confession will be the fourth from FTX-affiliated officials. <\/span>Caroline Ellison<\/span><\/a> and Gary Wang, who were both charged with federal fraud in December 2022, have already pleaded guilty. <\/span>Nishad Singh<\/span><\/a>, formerly the director of engineering at FTX, also pleaded guilty earlier this year.<\/span><\/p>\n

U.S. District Judge Lewis Kaplan, also presiding over the lawsuit against Bankman-Fried, is set to hear testimony from Ryan Salame. However, Bankman-Fried, who is accused of fraud and conspiracy in connection with the collapse of the exchange, has entered a <\/span>not-guilty plea<\/span><\/a>. <\/span>Before the collapse of FTX, he had become a millionaire in part due to the rapid rise in the value of cryptocurrencies like Bitcoin.<\/span><\/p>\n

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Ryan Salame\u2019s guilty plea may affect the upcoming trial of FTX\u2019s co-founder and the broader regulatory climate for crypto exchanges. Salame\u2019s next court appearance will surely draw enormous attention, both inside and outside of the crypto community, given the scale of FTX\u2019s collapse<\/span><\/p>\n

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Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Ryan Salame, the ex-co-CEO of FTX\u2019s Bahamian subsidiary, is reportedly preparing to file a guilty plea in federal court in Manhattan. This Thursday\u2019s presentation is a part of the continuing inquiry into the collapsed digital currency exchange. This development comes just over a month before FTX co-founder Sam Bankman-Fried\u2019s trial. Ryan Salame Under Scrutiny Salame\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":87892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-151633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=151633"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151633\/revisions"}],"predecessor-version":[{"id":151639,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151633\/revisions\/151639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/87892"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=151633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=151633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=151633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}