FTX Executive Ryan Salame Tipped Off Bahamian Regulators to Possible Fraud
- Ryan Salame said client funds were sent to Alameda: filings
- Three FTX executives could have authorized transfer: filings
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Several days before FTX collapsed into bankruptcy, one of Sam Bankman-Fried’s most senior executives was tipping off Bahamian authorities to possible misuse of funds at the exchange. Ryan Salame, the former co-CEO at FTX Digital Markets, told island regulators on Nov. 9 that client assets were transferred to Alameda Research to “cover financial losses” at the trading firm, court filings show.
Salame further alleged that only three people had the ability to authorize such a transfer: Bankman-Fried, former engineering executive Nishad Singh, and FTX co-founder Gary Wang, according to the court filings. The Financial Times first reported on the contents of the documents.