<\/p>\n
Former FTX co-CEO Ryan Salame<\/a> is expected to plead guilty to the criminal charges against him on Thursday,\u00a0 Bloomberg <\/span><\/em>reported<\/a> on Sept. 7.<\/p>\n Salame was jointly in charge of FTX Digital Markets with Sam Bankman-Fried<\/a> before the exchange collapsed last November.<\/p>\n The former executive is scheduled to appear at the Manhattan federal court on Thursday to plead guilty. This development comes about a month prior to the scheduled start of Bankman-Fried\u2019s trial, in which he faces multiple felony charges.<\/p>\n Salame\u2019s guilty plea implies that the Department of Justice now has four former associates of Bankman-Fried, including Salame, to testify against him. The others<\/a> include the exchange\u2019s co-founder Gary Wang, former Alameda Research CEO Caroline Ellison, and former FTX executive Nishad Singh.<\/p>\n Salame\u2019s testimony holds potential significance, particularly regarding the illegal campaign finance charges against SBF. Although these charges were temporarily removed from the upcoming October trial due to an extradition treaty, they are slated for inclusion in a subsequent trial next year.<\/p>\n During his tenure at FTX, Salame emerged as a substantial Republican Party contributor, channeling $24 million to various candidates. With prosecutors alleging that SBF directed political donations through other executives, Salame\u2019s testimony could substantiate these claims.<\/p>\n Despite SBF\u2019s persistent claims<\/a> of innocence, emphasizing reliance<\/a> on expert advice, the situation has taken a turn since the court revoked<\/a> his bail.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n The post Former FTX co-CEO Ryan Salame pleads guilty to all charges<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Former FTX co-CEO Ryan Salame is expected to plead guilty to the criminal charges against him on Thursday,\u00a0 Bloomberg reported on Sept. 7. Salame was jointly in charge of FTX Digital Markets with Sam Bankman-Fried before the exchange collapsed last November. The former executive is scheduled to appear at the Manhattan federal court on Thursday […]<\/p>\n","protected":false},"author":2,"featured_media":151699,"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-151698","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\/151698","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=151698"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151698\/revisions"}],"predecessor-version":[{"id":151700,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151698\/revisions\/151700"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/151699"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=151698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=151698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=151698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Former associates likely to testify<\/span><\/span><\/h2>\n