FTX DIGITAL MARKETS
Former FTX Executive Ryan Salame Agrees to Forfeit $5.9 Million Bahamas House in Plea Agreement
Ryan Salame, the former co-CEO of FTX Digital Markets, has reached a plea agreement in a criminal case. As part of the agreement, Salame has agreed to transfer his $5.9 million Bahamas house to FTX Digital Markets Ltd. instead of paying $5.6 million in restitution in cash.
Former FTX Executive Under Investigation for Potential Campaign Finance Violations
Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly under investigation by U.S. authorities for potential violations of campaign finance law. Salame, along with his girlfriend Michelle Bond, who ran as a Republican candidate for New York’s 1st congressional district in 2022, are at the center of this investigation.
FTX US and Alameda Research File Complaint Against FTX Digital Markets
FTX US and Alameda Research have filed a complaint against FTX Digital Markets, alleging that the Bahamas-based company was a "fraudulent enterprise" used to conceal the issue of the firm's ownership. The complaint claims that the claims made by FTX Digital Markets will harm FTX.com customers and other creditors of the FTX Debtors as the company continues with bankruptcy proceedings in the United States.