In a significant development surrounding the failed cryptocurrency exchange FTX, Ryan Salame, the former co-chief executive of FTX Digital Markets, is reportedly negotiating with federal prosecutors to plead guilty to criminal charges.
According to Bloomberg, these charges are linked to the collapse of the cryptocurrency exchange, which sent shockwaves through the industry. Individuals familiar with the case have revealed that Salame may enter a plea as early as next month, with potential offenses including violations of campaign finance laws.
However, the potential plea deal details and whether Salame will cooperate with prosecutors by testifying against FTX co-founder Sam Bankman-Fried remain uncertain.
Potential Cooperation Against FTX Co-Founder?
Salame’s former colleagues, Gary Wang, Caroline Ellison, and Nishad Singh, have already pleaded guilty to their involvement in the alleged multibillion-dollar fraud that led to…
