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<ul><li>Former FTX executive Ryan Salame is reportedly negotiating a plea deal with federal prosecutors.</li><li>Salame served as the Co-Chief Executive of FTX Digital Markets before its collapse last year.</li><li>The Justice Department recently launched an investigation into allegations of campaign finance law violations against Salame.</li></ul>Former FTX executive Ryan Salame reportedly held talks with the United States Department of Justice (DOJ) to negotiate a plea bargain. Salame, who served as the co-chief executive of FTX, was likely hoping to protect himself from criminal charges in the event that he pleads guilty in the case against the bankrupt crypto exchange.According to a report by <a href="https://www.bloomberg.com/news/articles/2023-08-08/ex-ftx-executive-salame-talking-to-prosecutors-about-plea-deal#xj4y7vzkg" rel="noopener noreferrer nofollow">Bloomberg</a>, Salame was negotiating a plea deal with federal prosecutors ahead of entering a guilty plea as soon as next month. The Department of Justice is yet to formally file charges against the former FTX executive, but people familiar with the matter revealed that he may have to face charges related to FTX’s collapse and campaign finance law violations.If Salame manages to secure a plea bargain, he would become the fourth FTX executive to plead guilty, after former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and FTX’s former Director of Engineering Nishad Singh. Ellison, Wang, and Singh would testify against FTX’s former CEO Sam Bankman-Fried as part of their plea deals, though it was unclear if Salame’s plea deal would include a similar arrangement.During his stint at the Bahamas-based FTX, Salame was the one who arguably led the company’s political donations. He personally donated as much as $26 million to the political campaigns of Republican candidates in the United States. This was in addition to the over $50 million that Sam Bankman-Fried donated to Democratic candidates.Read full article at <a href="https://cryptotale.org/former-ftx-executive-is-reportedly-negotiating-plea-deal-with-the-doj/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Former FTX Executive Is Reportedly Negotiating Plea Deal With The DOJ

CryptoTale

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