September 22, 2023

FBI raids home of former FTX executive Ryan Salame

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FBI raids home of former FTX executive Ryan Salame

The Federal Bureau of Investigation (FBI) conducted a full-scale search of the home of former FTX Digital Markets CEO Ryan Salame in Maryland. Reasons for the search were not disclosed.

Most likely, the search is connected with close workSalameh with Sam Bankman-Fried, the founder of the collapsed FTX exchange accused of fraud. Salame served as the CEO of Bahamas-listed FTX Digital Markets, which was, in fact, the headquarters of the FTX exchange.

Salameh is also involved in the donation case.candidates during last year's midterm elections. In total, former employees donated about $90 million to candidates, of which $24 million was transferred by the former CEO of FTX Digital Markets. Law enforcement authorities believe that most of the donated funds were borrowed from the company's clients.

Earlier it was reported that Salame received enoughimpressive payouts from FTX. It came in fourth in terms of payouts. In total, $3.2 billion was appropriated by the management of the platform, of which founder Sam Bankman-Fried received $2.2 billion, another $587 million was appropriated by FTX CTO Nishad Singh, and $246 million by FTX co-founder Gary Wang.