A former top executive at the failed FTX cryptocurrency exchange pleaded guilty Thursday to making tens of millions of dollars in illegal campaign contributions to U.S. politicians and engaging in a criminal conspiracy to operate an unlicensed money transfer business.
Ryan Salame, the former co-chief executive of FTX Digital Markets, is the fourth high-ranking official at the company or its affiliates to plead guilty to criminal charges.
Salame, 30, entered his plea before a judge in Manhattan, admitting to the court that he illegally used millions of dollars from a hedge fund controlled by Bankman-Fried to make political contributions in 2020 and 2021 to both Democrats and Republicans. A lawyer for Salame, Jason Linder, didn’t immediately return an email seeking comment. Salame’s sentencing was tentatively scheduled for March. He was ordered released from federal custody until then.
Three other executives close to Bankman-Fried have already pleaded guilty: Caroline Ellison, Nishad Singh and Gary Wang.Bankman-Fried has pleaded not guilty. He was free on bail while awaiting trial, but he was recently jailed after a judge ruled that he had tried to influence potential witnesses in the case, including by giving Ellison’s private writings to news organizations.
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