The Downfall of FTX’s Ryan Salame and Crypto Advocate Michelle Bond
Ryan Salame, an FTX executive, and Michelle Bond, a crypto policy advocate, were once a Washington power couple. Now they both face prison time.
Ryan Salame, the head of FTX’s subsidiary in the Bahamas, was the first of Sam Bankman-Fried’s deputies to be sentenced since the crypto exchange collapsed in November 2022.
The FTX founder’s uphill court battle starts Tuesday, after he has come to symbolize everything that went wrong with the cryptocurrency industry.
In a filing, prosecutors laid out the evidence they plan to use to convict the founder of the failed crypto exchange FTX, who faces trial in October.
Prosecutors investigating Sam Bankman-Fried, the cryptocurrency exchange’s founder, have accumulated more than six million pages of documents and other records.
Ryan Salame, a former top FTX executive and a prolific Republican donor, faces mounting legal pressure for his role in Sam Bankman-Fried’s business empire.
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