The home of Ryan Salame, a former executive at FTX, was searched by the FBI.
The home of Ryan Salame, a former executive at FTX, was searched as part of the investigation into the cryptocurrency exchange crash.
Home of Ryan Salame, Former Executive of FTX, Searched Under Investigation
As part of the investigation of FTX, which declared bankruptcy last year, the former manager’s home was searched.
The FBI has issued a search warrant for Salame’s Maryland home. The search was part of an extensive investigation into FTX’s bankruptcy by Manhattan federal prosecutors, who accused the exchange’s co-founder, Sam Bankman-Fried, of orchestrating a multibillion-dollar fraud.
Salame pleaded not guilty to Sam Bankman-Fried. By contrast, FTX and its sister company, three other top executives at Alameda Research, pleaded guilty. He stated that he would then cooperate with the authorities.
Salame was the co-CEO of FTX Digital Markets, the exchange’s Bahamas subsidiary, before it went bankrupt. When FTX began to collapse in November, Salame informed regulators in the Bahamas that clients’ funds had been mixed with Alameda Research.
Salame was one of the biggest political donors in the FTX universe. He is known to have donated $24 million, mostly to Republican campaigns.
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