Ryan Salame, a former top executive at the cryptocurrency exchange FTX, pleaded guilty on Thursday to criminal charges linked to the sweeping fraud case against FTX’s founder, Sam Bankman-Fried, a move that raises the pressure on Mr. Bankman-Fried ahead of his trial next month.
In a federal courtroom in downtown Manhattan, Mr. Salame pleaded guilty to a campaign finance law violation and a charge of operating an unlicensed money transmitting business.
Mr. Salame said he had made millions in political contributions at the direction of Mr. Bankman-Fried. The contributions were labeled loans from FTX’s sister company, the crypto hedge fund Alameda Research.
Source: Fourth Top FTX Executive Pleads Guilty Ahead of Sam Bankman-Fried Trial – The New York Times
