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Former FTX exec plans to plead guilty to criminal charges: Report

  • Former FTX executive Ryan Salame plans to plead guilty to criminal charges related to FTX's collapse.

  • Salame's plea would follow others like Caroline Ellison, Gary Wang, and Nishad Singh who have already pleaded guilty.

  • Salame was an early tipster to authorities about commingled funds between Alameda Research and FTX.

  • It's unclear what exact charges Salame faces, but may be related to campaign finance violations.

  • Salame's plea continues trend of FTX executives admitting guilt in fraud at the collapsed crypto exchange.

cointelegraph.com
Relevant topic timeline:
Sam Bankman-Fried, the founder of FTX, pleaded not guilty to fraud and money laundering charges related to the collapse of his cryptocurrency empire, with the new indictment accusing him of misusing customer funds for personal purposes.
Sam Bankman-Fried, the former rising star of the crypto world and founder of FTX, faces trial for alleged financial crimes after his businesses collapsed and he was charged with fraud, with his on-again, off-again lover and the CEO of Alameda Research, Caroline Ellison, expected to testify against him.
Former CEO of bankrupt crypto exchange FTX, Sam Bankman-Fried, begins his highly anticipated trial on Tuesday to determine his guilt on seven counts of fraud and conspiracy.