FTX Executive Ryan Salame to Plead Guilty in Fraud Case

Ryan Salame, a former executive at cryptocurrency exchange FTX, is expected to plead guilty to criminal charges related to the fraud case against FTX founder Sam Bankman-Fried. Salame, who ran FTX's subsidiary in the Bahamas and was a donor to Republican politicians, will become the fourth executive in Bankman-Fried's inner circle to admit to criminal conduct since FTX collapsed in November. This development increases the legal pressure on Bankman-Fried, who is set to stand trial on fraud charges starting October 3rd.