<![CDATA[<figure class="image"><img src="https://cimg.co/news/124428/328475/ftx-solana-wallet-media-l.jpg" alt="" srcset="https://cimg.co/news/124428/328475/responsive-images/ftx-solana-wallet-media-l___media_library_original_1200_800.jpg 1200w, https://cimg.co/news/124428/328475/responsive-images/ftx-solana-wallet-media-l___media_library_original_900_600.jpg 900w, https://cimg.co/news/124428/328475/responsive-images/ftx-solana-wallet-media-l___media_library_original_720_480.jpg 720w, https://cimg.co/news/124428/328475/responsive-images/ftx-solana-wallet-media-l___media_library_original_600_400.jpg 600w, https://cimg.co/news/124428/328475/responsive-images/ftx-solana-wallet-media-l___media_library_original_300_200.jpg 300w" sizes="100vw" width="1200" class="content-img"><figcaption>Source: AdobeStock / Rafael Henrique</figcaption></figure>Former co-CEO of FTX Digital Market Ryan Salame plans a guilty plea over criminal charges associated with the collapse of FTX in November.&nbsp;According to a <a href="https://www.bloomberg.com/news/articles/2023-09-07/ex-ftx-executive-salame-to-plead-guilty-to-criminal-charges">Bloomberg report</a> citing people familiar with the matter,&nbsp; Salame is expected to go forward with the plea on Sept 7&nbsp; at a Manhattan Federal Court after lengthy negotiations with prosecutors.While at FTX Digital Market, he handled the exchange&rsquo;s political donations, particularly to the Republican Party amongst others.&nbsp;The potential plea deal could entail an admission to breach of campaign finance laws after allegations of donating $24 million of user assets to fund United States Congress Campaigns among other related criminal charges.&nbsp;In July, the <a href="https://www.wsj.com/articles/former-ftx-executive-linked-to-campaign-finance-probe-of-new-york-gop-race-c2b50252?mod=hp_listb_pos3">Wall Street Journal reported</a> that prosecutors were looking into Ryan Salame&rsquo;s contribution to his girlfriend&rsquo;s congressional campaign.The potential guilty plea comes weeks before the company&rsquo;s ex-CEO Sam Bankman-Fried begins trial for criminal charges linked to the collapse of the exchange in November 2022.Bankman-Fried has pleaded not guilty to 12 criminal charges with trial set to commence on Oct 2 2023 and March 11, 2024.&nbsp;At press time, it has not been disclosed if parts of the plea deal with the prosecutors include a testimony against Bankman-Fried but such a plea is already said to place him in a bad light with aggrieved investors and the public who lost assets last year.The investigation into the collapse of the exchange has led to guilty pleas from top executives including<a href="https://cryptonews.com/news/ftx-scandal-deepens-sam-bankman-frieds-right-hand-man-nishad-singh-to-plead-guilty-to-fraud.htm"> Nishad Singh</a>, Gary Wang, and <a href="https://cryptonews.com/news/prosecutions-strategy-caroline-ellisons-personal-notes-to-serve-as-key-evidence-against-former-ftx-ceo-sam-bankman-fried-1.htm">Caroline Ellison</a>.&nbsp;<figure class="media"><oembed url="https://twitter.com/cryptonews/status/1630877923585425409?s=46&amp;t=sCvh3f3rMDfXyJcf1y1Eyg"></oembed></figure><h2 id="whats-next-for-sbf">What&rsquo;s next for SBF?</h2>Although Bankman-Fried maintains his innocence, many observers wonder if the status quo may change following a guilty plea by several senior executives.Last year, crypto exchange <a href="https://cryptonews.com/news/bankrupt-ftx-sues-retrieve-over-240-million-from-trading-platform-embed.htm">FTX filed for bankruptcy</a>, setting the tone for one of the biggest digital asset meltdowns.&nbsp;Investigations reveal that SBF allegedly moved up to $10 billion in customer assets to sister company Alameda Research leading to initial charges filed against him.&nbsp;&ldquo;two counts of wire fraud and one count of conspiracy to commit money laundering&hellip; . &hellip; conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to defraud the United States and commit campaign finance violations.&rdquo;&nbsp;On Sept 6, it was reported that SBF lawyers claim their client will not have sufficient opportunity to prepare his defense amid the present conditions while the <a href="https://www.courtlistener.com/docket/66631291/253/united-states-v-bankman-fried/">prosecution differs, filing</a> that he has &ldquo;access to the internet-enabled laptop at least two days per week and the download transfer rate was recorded at 34 Mbps&rdquo;<figure class="media"><oembed url="https://twitter.com/cryptonews/status/1695374298070815141?s=46&amp;t=sCvh3f3rMDfXyJcf1y1Eyg"></oembed></figure>Though it looks like SBF isn&rsquo;t moving towards a guilty plea at the moment, the prosecution is confident on proving all charges against the former &ldquo;loved crypto executive.&rdquo;&nbsp;
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Ex-FTX Co-Chief Executive Ryan Salame to Plead Guilty in Court – Will SBF Follow Suit?

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