Ex-FTX Executive Salame to Invoke Right Not to Testify, US Says
- Salame was close associate of Bankman-Fried at crypto exchange
- Bankman-Fried faces fraud trial in October over FTX’s collapse
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Former FTX executive Ryan Salame will not testify under oath about his role in an alleged illegal campaign donation scheme at the cryptocurrency empire, according to prosecutors.
The former co-chief executive of FTX Digital Markets, who donated more than $24 million to Republican campaigns, allegedly acted as a straw donor for FTX’s co-founder Sam Bankman-Fried in a bid to shape crypto policy in Washington. He outlined his actions in private messages sent to a family member, federal prosecutors said in a letter filed in federal court in Manhattan on Monday.