A former top executive at the failed FTX cryptocurrency exchange pleaded guilty Thursday to making tens of millions of dollars in illegal campaign contributions to U.S. politicians and engaging in a criminal conspiracy to operate an unlicensed money transfer business.
Ryan Salame, the former co-chief executive of FTX Digital Markets, is the fourth high-ranking official at the company or its affiliates to plead guilty to criminal charges.
The purpose of those donations, he said, was to fund political initiatives supported by Bankman-Fried. In a criminal complaint unsealed Thursday, prosecutors said they had obtained private messages in which Salame wrote that Bankman-Fried wanted to support politicians in both parties who were “pro crypto,” while working to get “anti crypto” lawmakers out of office.
Bankman-Fried is awaiting trial on charges that he defrauded customers by diverting their money to cover his expenses, make illegal campaign contributions and make trades at a separate crypto hedge fund he founded, Alameda Research.
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