Former co-head of FTX Digital Markets Ryan Salame is in talks with US prosecutors to plead guilty to criminal charges in connection with the collapsed crypto exchange. It is reported by Bloomberg, citing sources.
According to the interlocutors of the agency, the agreement can be concluded as early as September. However, it is not yet clear whether Salame will agree to make a deal with the investigation and testify against FTX co-founder Sam Bankman-Fried, they said.
Salameh’s ex-colleagues Gary Wang, Caroline Ellison and Nishad Singh have already pleaded guilty to an alleged multi-billion dollar scam in the bankrupt crypto empire. They will be key witnesses in the Bankman-Freed case.
According to Bloomberg, the former co-head of FTX Digital Markets has not previously made claims regarding the collapse of the crypto exchange. Law enforcement officials charged Salama with violating the law on campaign finance.
In April, employees FBI searched his residence in the Potomac, Maryland. Salameh came under scrutiny for donating $24 million to the Republicans while at FTX.
According to court documents, the manager, who was a member of Bankman-Fried’s inner circle, received $87 million in payments and loans from stock exchange affiliate Alameda Research.
Recall that two days before FTX filed for bankruptcy, Salame, who headed the company’s division in the Bahamas, warned local authorities about potential fraud.
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