July 21, 2024

FBI raids home of former FTX executive Ryan Salame

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FBI raids home of former FTX executive Ryan Salame

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

Most likely, the search is related to close workSalame with the founder of the collapsed FTX exchange, Sam Bankman-Fried, accused of fraud. Salameh served as CEO of Bahamas-based FTX Digital Markets, which was essentially the headquarters of the FTX exchange.

Salameh is also involved in the donation casecandidates during last year's midterm elections. In total, former employees donated about $90 million to the 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.

It was previously reported that Salameh receivedQuite impressive payouts from FTX. It turned out to be the fourth largest in terms of payments. In total, the management of the site embezzled $3.2 billion, of which founder Sam Bankman-Fried received $2.2 billion, another $587 million was embezzled by FTX CTO Nishad Singh, and $246 million was embezzled by FTX co-founder Gary Wang.