Ex-FTX Executive Salame Pleads Guilty to Criminal Charges

Ryan Salame pleaded to two counts in federal court on Thursday
Salame’s plea comes a month before trial of Sam Bankman-Fried

WATCH: Former FTX executive Ryan Salame is planning to plead guilty to criminal charges over the collapse of the cryptocurrency exchange, according to sources. Bloomberg’s Sonali Basak reports.Source: Bloomberg

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By Ava Benny-Morrison and Chris Dolmetsch

September 7, 2023 at 1:59 PM UTC

Updated on

September 8, 2023 at 12:07 AM UTC

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Former FTX executive Ryan Salame pleaded guilty to criminal charges stemming from the collapse of the cryptocurrency exchange.

Salame, who was the co-chief executive of FTX’s Bahamas subsidiary before the exchange imploded last November, appeared in Manhattan federal court on Thursday afternoon. Flanked by lawyers and wearing a blue suit and Bitcoin socks, Salame pleaded guilty to one campaign finance violation and one charge of operating an illegal money-transmitting business.