The FBI raided the home of Ryan Salame, the former co-head of FTX Digital Markets, the Bahamian branch of FTX. Salame is under federal investigation in part for his political donations, having donated more than $24 million to Republican candidates in the last midterm elections. The exact reasons for the search are unknown.
The FBI arrives at Ryan Salame
According to information reported by the New York Times, the FBI raided the home of Ryan Salamethe former co-head of FTX Digital Markets, the Bahamian branch of FTX.
Ryan Salame is the subject of special attention from the federal services, in particular because of his political donations. While political donations are a central piece of the FTX puzzle, the former close friend of Sam Bankman-Fried reportedly donated all on his own more than $24 million to Republican candidates in the last midterm elections.
A considerable sum, while in total it is estimated that the various leaders of FTX would have paid more than 90 million dollars to certain political candidates.
The New York Times would not have managed to obtain information from the FBI as to the precise motivations which led to this search. The raid was reportedly carried out around 7 a.m. in a luxury property of Ryan Salame estimated at 4 million dollars and located not far from the Potomac, in Maryland.
The individual took advantage of a first place in the empire of Sam Bankman-Fried, since he would have been part of the very closed group of senior executives who shared 3.2 billion dollars. Indeed, in March, it was revealed that Ryan Salame had received no less than 87 million dollars in the form of loans and bonuses from Alameda Research, the company formerly headed by Caroline Ellison, who has since agreed to cooperate. with authorities as part of the investigation surrounding FTX.
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The intervention of the FBI is all the more surprising since Ryan Salame, like Caroline Ellison and Gary Wang, has agreed to assist the judicial authorities in their investigation. He was the first to help out, including alerting the Bahamas Securities Commission that FTX was secretly transferring funds to Alameda Research to conceal financial losses.
He had also declared on this subject that only 3 people had the possibility of making these transfers, namely Sam Bankman-Fried, Gary Wang and Nishad Singh. The last 2 both pleaded guilty to the charges against them and agreed to cooperate with the authorities, while Sam Bankman-Fried continues to claim his innocence.
Concerning FTX, the news is rather rich on this subject lately. About ten days ago, and following rumors of a potential reopening of FTX next year, Bloomberg reported that the Tribe Capital fund was studying the possibility of conducting a $250 million fundraising campaign to get the exchange back on track.
👉 On the same subject – Manipulation of the CEL token? Celsius creditors want to investigate FTX users
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Source: New York Times
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