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FTX Exec and Republican Megadonor Ryan Salame to Plead Guilty

ANOTHER CHIP FALLS

He will be the fourth FTX leader to plead guilty.

An image displaying the FTX logo and fake gold tokens.
REUTERS/Dado Ruvic/Illustration

Yet another former FTX executive is pleading guilty for their role in the crypto exchange’s rapid demise. The latest to fall: former co-CEO Ryan Salame, who is reportedly set to enter his plea on Thursday. Unlike his old partner Sam Bankman-Fried, who publicly positioned himself as a liberal megadonor, Salame showered Republicans with his crypto cash. Bankman-Fried later admitted that he covertly gave to GOP candidates, too, in an effort to influence politicians on both sides of the aisle.

Read it at Bloomberg

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