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Former FTX Official Ryan Salame Gears Up For Criminal Admission In Platform's Downfall

Published 07/09/2023, 16:16
Updated 07/09/2023, 17:40
© Reuters. Former FTX Official Ryan Salame Gears Up For Criminal Admission In Platform's Downfall
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Benzinga - Ryan Salame, a previous high-ranking official at FTX (CRYPTO: FTT), is reportedly preparing to admit to criminal allegations on Thursday, stemming from the downfall of the crypto trading platform.

Salame, once a joint head of FTX Digital Markets, is set to make his court appearance in Manhattan after extensive talks with legal authorities, Bloomberg reported.

This anticipated admission, marking the fourth from a top-tier FTX leader, precedes the upcoming trial of FTX's co-creator, Sam Bankman-Fried.

To gain insights into the implications of these revelations and the potential impact of Bankman-Fried's court case on the crypto industry, join us at Benzinga's Future of Digital Assets conference on Nov. 14. Don't miss the discourse on the industry's pivotal moments.

Also Read: Crime Familes Wield Deceptive Software, Dupe Crypto Investors Out Of Millions: Report

Bankman-Fried, who is currently being held at the Manhattan Detention Center in Brooklyn, is facing accusations of orchestrating a massive fraudulent scheme within the digital currency exchange. He's been detained since mid-August, and will now be permitted to use a laptop daily and will have constant access to three hard drives containing defense materials.

Read Next: Ark Invest Files For New Ethereum ETF With 21Shares

Meet and engage with transformative Digital Asset and Crypto business leaders and investors at Benzinga's exclusive event - Future of Digital Assets. Tickets are flying-get yours!

Photo: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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