The former co-chief executive of bankrupt crypto exchange FTX is reportedly pleading guilty to criminal charges stemming from the firm’s high-profile collapse.
In a new report, anonymous sources familiar with the matter tell Bloomberg that former FTX executive Ryan Salame is planning on pleading guilty to charges of fraud relating to the downfall of the crypto exchange and illegally donating over $20 million worth of stolen funds to the Republican party.
Salame, who was in charge of FTX’s subsidiary in the Bahamas, was allegedly acting as a straw donor for disgraced FTX founder and former CEO Sam Bankman-Fried.
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The news comes weeks before Sam Bankman-Fried is due to stand trial for allegedly mishandling billions of dollars worth of customer funds and defrauding investors, though it
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