Insiders who spoke with Bloomberg claim that Ryan Salame, the former co-CEO of FTX Digital Markets, is the subject of intriguing new developments. According to rumors, he is preparing to confess his guilt in answer to criminal accusations. This represents a substantial change from his former position, which was made known in the middle of August when he seemed prepared to use the Fifth Amendment to bar himself from serving as a potential witness.
A future version of the Apple Watch will reportedly pack a sleep monitoring feature. The tech giant has been quietly testing the functionality at its Cupertino base, according to insiders who spoke to Bloomberg's Mark Gurman, with plans to launch it… https://t.co/gAiZgqu7g5
— Jason Caston (@jasoncaston) February 26, 2019
Ryan Salame’s Dramatic Turn: From Invoking the Fifth to Pondering Guilty Plea
The current story offers a different viewpoint and makes hints about Ryan Salame, the former co-chief of FTX, and the prospective creation of a plea deal. According to “people familiar with the case,” Bloomberg claims that Salame is prepared to plead guilty in relation to the FTX collapse.
DOJ letter filed (5th Sept) accepting Ryan Salame's plea
1) Violate Election Campaign Act
2) Unlicensed Money transmitting business
Original source: $1.55bn figure comes for 2)
Restitution $5.6m to FTX debtors pic.twitter.com/43tDLcAffq
— Sunil (FTX Creditor Champion) (@sunil_trades) September 8, 2023
On September 7, 2023, Bloomberg’s Ava Benny-Morrison presented this report, departing from the figures from the previous month. In court filings from the prosecution’s case against former FTX CEO Sam Bankman-Fried (SBF) at the time, it was said that Salame had stated he would raise the Fifth Amendment in response to a subpoena, making him “unavailable as a witness.”
If Salame does decide to enter a guilty plea, he will join Caroline Ellison, Gary Wang, and Nishad Singh as the fourth person to do so. SBF, on the other hand, has entered a not guilty plea to all of the criminal allegations brought against him and is currently detained at the Metropolitan Detention Center in Brooklyn as he awaits trial. SBF’s legal team is actively working to have him released from detention in order to get ready for the forthcoming trial, which is set for October.