FBI Searches Home of Former FTX Exec Ryan Salame

The FBI searched the Potomac, Maryland home of former FTX executive Ryan Salame at around 7 am on Thursday, the New York Times reported. 

Information on what the FBI was attempting to uncover at Salame’s $4 million home is not currently available.

Blockworks reached out to Salame’s lawyer, Jason Linder, but did not receive an immediate response.

Salame was co-chief executive of FTX Digital Markets, which principally operated in the Bahamas before the crypto exchange went bankrupt in November 2022. He also worked at Alameda Research and became a member of Sam Bankman-Fried’s inner circle along with Gary Wang and Caroline Ellison. 

The Times also reported that Salame’s $24 million in political contributions in the 2022 midterm elections are being scrutinized by federal authorities. And unlike SBF’s $40 million in donations to mostly Democrats, Salame was a major contributor to Republican politicians and causes. The majority of the $90 million FTX employees donated to politicians were inappropriately taken from customer funds, the Times reported. 

This most recent escalation by the FBI seemingly demonstrates that authorities are not done investigating the still-unraveling FTX and the individuals who led the exchange to its demise.

Comments

Post a Comment

Popular posts from this blog

Bitcoin Price Prediction as BTC Starts Recovering and Goes Back Above $26k

Image
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price started to recover after previously dropping below $26k on June 10th. After nearly two full days of trading sideways, Bitcoin saw two minor price increases, both of which were followed by corrections back to $25,700. However, later on June 12th, the coin started a strong, steady price recovery that took it from $25,736 to $26,236. The coin climbed by $500 in less than 24 hours, followed by a brief correction back to $26,115. After dropping to this level, BTC started growing once again, reaching $26,181 at the time of writing. According to experts, the positive fluctuation in the market suggests that buyers have started showing strength again and were able to push the price upward. The movement is a result of two significant factors — a positive divergence observed on the 1-hour RSI, and the breaking of the downtrend line, indicating a potential shift in the market sentiment from bearish
Read more

Pro-XRP Attorney Explains How This Week Can Become Crypto’s Biggest Week Ever

- Advertisement - Deaton highlights the events that will prove this week as Crypto’s biggest week. - Advertisement - Following Bitcoin ’s rally to $30,000 and upcoming Etherum’s Shanghai upgrade, attorney John Deaton has highlighted the next important event that could make this week the biggest week ever for crypto. For Deaton, this week has been remarkable for cryptocurrency. Bitcoin rallied above $30,000, and the cryptocurrency community eagerly anticipates Ethereum’s Shanghai upgrade scheduled to launch today. While Deaton acknowledges the significance of both events, he asserts that this week will prove to be crypto’s most significant when Judge Analisa Torres issues a ruling in Ripple’s favor. “[…] A great and fantastic ruling from Judge Torres in the @Ripple case next could prove to be Crypto’s biggest week ever,”  said Deaton.  Bitcoin Rallies to $30K and Ethereum’s Upcoming Shanghai Upgrade Notably, Bitcoin broke the $30K resistance yesterday for the first time since June
Read more

What to expect from the crypto market in 2023: Watch The Market Report

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss what we can expect from the cryptocurrency market in the new year. This week on The Market Report, the resident experts at Cointelegraph discuss what investors can expect from the crypto currency market in 2023. Will this bear market carry on, or will we see the beginning of the bull market ? Also up for discussion is what projects have the potential to make a splash in 2023. We start off this week’s show with the latest news in the markets: 4 ‘emerging narratives’ in crypto to watch for: Trading firm Despite an eventful year fraught with crypto collapses and price drops, Steven Goulden, a senior research analyst at crypto trading firm Cumberland, has pointed to several “green shoots” to break the surface in crypto in 2023. Make sure to listen as our experts go over which industries have the potential to break out in 2023. Crypto community expresses Christmas market sentiments: ‘No Santa rally’ Tr
Read more