- The FBI raided the residence of former FTX govt Ryan Salame.
- Salameh’s lawyer reportedly turned over data associated to his political contributions to prosecutors earlier than the raid.
- The aim of the raid stays unclear. Salame has been watched for his political contributions.
Former FTX govt Ryan Salame’s residence was lately raided by the Federal Bureau of Investigation (FBI). The raid is the most recent in a US Division of Justice investigation into makes an attempt by FTX’s prime administration to wield political affect earlier than the cryptocurrency trade collapsed final yr.
In accordance with the New York Occasions, FBI brokers arrived at Ryan Salame’s residence in Potomac, Maryland to execute a search warrant on the premises. The explanation for the raid stays unclear. Salame was generally known as the highest aide and trusted lieutenant of FTX founder Sam Bankman-Fried.
Individuals acquainted with the investigation revealed that Salame’s lawyer communicated with prosecutors on his behalf and shared data associated to his marketing campaign finance actions earlier than the FBI raid. The FTX govt was a high-profile political donor who made thousands and thousands of {dollars} in marketing campaign contributions.
Ryan Salame served as CEO of FTX Digital Markets, which was a part of Bahamas-based FTX Worldwide. Previous to that, he was Head of APAC OTC at Sam Bankman-Fried’s quantitative buying and selling agency Alameda Analysis, led by Caroline Ellison.
Salame was investigated final yr for his political contributions, following the collapse of FTX in November. He reportedly doled out greater than $24 million within the earlier election cycle, with most of that going to Republican candidates. In the meantime, Bankman-Fried spent greater than $50 million. USD to assist Democratic candidates and PACs.
So far as felony prices go, Salame has but to be charged or charged with any wrongdoing. He reportedly reported the circulate of funds from FTX and Alameda to Bahamian regulators after the trade collapsed final yr. In the meantime, different members of Bankman-Fried’s internal circle, together with Caroline Ellison and Gary Wang, confronted felony prices earlier than pleading responsible and agreeing to testify towards their former boss.
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