The FBI conducted a search of former FTX executive Ryan Salame’s Washington home on Thursday morning, the New York Times reported, citing two people with knowledge of the matter. Days before cryptocurrency exchange FTX filed for bankruptcy and Bankman-Fried stepped down as CEO, Salame informed the Bahamas Securities Commission that client assets held at FTX Digital Markets may have been transferred to Alameda. Here are the details…
Raid the home of the executive of crypto exchange FTX
The FBI took action against FTX on Thursday, The New York Times reported. He searched the Washington DC home of Ryan Salame, a former executive of the bankrupt cryptocurrency exchange FTX. Salame, who previously ran FTX’s Bahamas operation, is now in the spotlight. Salame is under investigation as part of the ongoing investigation into the crypto exchange’s collapse. Authorities are investigating $24 million in political donations that Salame made during last year’s midterm elections. It also claims that most of the $90 million donated by former FTX employees came from client funds. This includes the campaign of Republican Representative George Santos.
Salame reportedly received $87 million in bonuses and loans from FTX’s sister company, Alameda Research. Hence, Salame’s wealth increased significantly during the crypto market boom. Court documents obtained by the Wall Street Journal following FTX’s collapse in November revealed that Salame, then-president of FTX Digital, tipped Bahamian officials into the cryptocurrency exchange using client funds to cover Alameda’s losses.
Millions of dollars donations to politicians
Prosecutors allege that Bankman-Fried hired executives, including Salame, who joined the company in 2021, to act as attorneys on behalf of his company and donate tens of millions of dollars to both Republican and Democratic candidates. During the so-called “PR tour” of FTX after its bankruptcy last year, donation statements attracted attention. At this point, Bankman-Fried said in an interview that he donated about the same amount to both parties.
“All of my donations to the Republicans were confidential,” said Bankman-Fried, talking about his political donations. He explained that political donations from companies and unions are protected in the Citizens United case of the US Supreme Court. This, he said, raises concerns about “corporate money” in politics. “In practice, no one really knows how dark it is. [para] He can’t grasp the idea he’s given,” he said, adding that he hid donations to avoid public backlash. FTX was worth $32 billion before its collapse. cryptocoin.com As we reported, Sam Bankman-Fried, founder of FTX, is facing a life sentence. Crimes include money laundering, conspiracy and bank fraud.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.