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 <h2 id="strong-ryan-salame-under-scrutiny-strong"><strong>Ryan Salame Under Scrutiny</strong></h2> 
 <p><span style="font-weight: 400">Salame’s guilty plea comes at a critical juncture, less than a month before Sam Bankman-Fried’s trial. This shifts the focus back to the many criminal and regulatory probes in which FTX has been involved. In addition, inquiries had focused on Salame because of the </span><span style="font-weight: 400">$24 million</span><span style="font-weight: 400"> he had donated to political campaigns.</span></p>  
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 <p><span style="font-weight: 400">Additionally, the federal government has previously investigated Salame, primarily for possible breaches of campaign financing legislation. These were associated with his role in Michelle Bond’s 2022 congressional race. As a result, federal officials have been trying to ascertain if Salame and Bond evaded contribution restrictions set by the government.</span></p> 
 <h2 id="guilty-pleas-at-ftx">Guilty Pleas at FTX</h2>  
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 <p><span style="font-weight: 400">In addition, Salame’s confession will be the fourth from FTX-affiliated officials. </span><span style="font-weight: 400">Caroline Ellison</span><span style="font-weight: 400"> and Gary Wang, who were both charged with federal fraud in December 2022, have already pleaded guilty. </span><span style="font-weight: 400">Nishad Singh</span><span style="font-weight: 400">, formerly the director of engineering at FTX, also pleaded guilty earlier this year.</span></p> 
 <p><span style="font-weight: 400">U.S. District Judge Lewis Kaplan, also presiding over the lawsuit against Bankman-Fried, is set to hear testimony from Ryan Salame. However, Bankman-Fried, who is accused of fraud and conspiracy in connection with the collapse of the exchange, has entered a </span><span style="font-weight: 400">not-guilty plea</span><span style="font-weight: 400">. </span><span style="font-weight: 400">Before the collapse of FTX, he had become a millionaire in part due to the rapid rise in the value of cryptocurrencies like Bitcoin.</span></p>  
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 <p><span style="font-weight: 400">Ryan Salame’s guilty plea may affect the upcoming trial of FTX’s co-founder and the broader regulatory climate for crypto exchanges. Salame’s next court appearance will surely draw enormous attention, both inside and outside of the crypto community, given the scale of FTX’s collapse</span></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/breaking-former-ftx-executive-ryan-salame-to-plead-guilty-tbt61919.html">https://thebittimes.com/breaking-former-ftx-executive-ryan-salame-to-plead-guilty-tbt61919.html</a></p>

Breaking: Former FTX Executive Ryan Salame to Plead Guilty

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