TechFlow news, according to Bloomberg citing sources familiar with the matter, former FTX executive Ryan Salame plans to plead guilty to criminal charges related to the collapse of FTX. Prior to the collapse, Salame served as co-CEO of FTX Digital Markets. After lengthy negotiations with U.S. prosecutors, he is scheduled to appear at Manhattan federal court on the afternoon of the 7th local time.
Earlier on August 15, prosecutors stated that Ryan Salame, former co-CEO of FTX Digital Markets, would not testify regarding his role in FTX's alleged illegal political donation scheme. Salame’s lawyer said that if subpoenaed, Salame would invoke his Fifth Amendment right against self-incrimination.
Previously, federal prosecutors filed documents in Manhattan federal court showing that Ryan Salame donated over $24 million to Republican campaigns and was accused of making donations on behalf of SBF, aiming to influence Washington's crypto policy.
