{"id":21269,"date":"2023-04-27T22:04:53","date_gmt":"2023-04-27T22:04:53","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/04\/27\/fbi-raids-home-of-top-ftx-official-ryan-salame\/"},"modified":"2023-04-27T22:04:53","modified_gmt":"2023-04-27T22:04:53","slug":"fbi-raids-home-of-top-ftx-official-ryan-salame","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/04\/27\/fbi-raids-home-of-top-ftx-official-ryan-salame\/","title":{"rendered":"FBI Raids Home Of Top FTX Official Ryan Salame"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><strong>FTX News: <\/strong>According to current experiences, the Federal Bureau of Investigation (FBI) executed a search warrant on the residence of Ryan Salame \u2014 a former high gun at <a href=\"https:\/\/coingape.com\/tag\/ftx\/\">FTX<\/a> \u2014 in Maryland on Thursday morning. The search was carried out as a part of a complete investigation into the collapse of FTX by federal prosecutors in Manhattan which accuse ex-CEO Sam Bankman-Fried (SBF) of masterminding a fraud that included a number of billions of {dollars}, which led to the eventual demise of the <a href=\"https:\/\/coingape.com\/glossary\/crypto-exchange-2\/\">crypto exchange<\/a>.<\/p>\n<h2>Salame Was Among SBF\u2019s Close Aids<\/h2>\n<p>Salame, who oversaw FTX\u2019s Bahamian department, was a trusted advisor to FTX founder Sam Bankman-Fried till the corporate <a href=\"https:\/\/coingape.com\/breaking-ftx-exchange-files-for-bankruptcy\/\">filed for bankruptcy<\/a> in December. Salame has been the topic of maximum scrutiny due to the $24 million he donated to political candidates in final yr\u2019s midterm elections.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p><em><strong>Read More: <a title=\"Breaking: Coinbase CEO Hits Back At U.S. SEC, Says \u201cCoinbase Does Not List Securities\u201d\" href=\"https:\/\/coingape.com\/coinbase-hits-back-at-secs-allegations-ceo-we-do-not-list-securities\/\" rel=\"bookmark\">Coinbase CEO Hits Back At U.S. SEC, Says \u201cCoinbase Does Not List Securities\u201d<\/a><\/strong><\/em><\/p>\n<p>Data suggests Salame was one of many high political donors within the United States after contributing thousands and thousands of {dollars} to predominantly Republican candidates and causes. The federal authorities have asserted, in paperwork filed with the court docket, that almost all of the $90 million which was donated to political candidates by a small group of former FTX workers, together with Mr. Salame, was stolen from shoppers of the change.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<h2>Reason For Raid Remains Unknown<\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"quads-location quads-ad124348 \" id=\"quads-ad124348\" style=\"float:none;text-align:center;padding:0px 0 0px 0;\">\n<div class=\"ad-container-layout\">\n<div class=\"ad-container justify-content-center\">\n      <a href=\"http:\/\/bit.ly\/40OEz7O\" target=\"_blank\" rel=\"nofollow noopener\" style=\"width:15%\"><br \/>\n        <img decoding=\"async\" alt=\"Bitcoin Campaign\" style=\"width:85px\" class=\"ad-image\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/14132333\/Group-47675.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/14132333\/Group-47675.png\" alt=\"Bitcoin Campaign\" style=\"width:85px\" class=\"ad-image\"\/><\/noscript><br \/>\n      <\/a><\/p><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"textAds mt-3 position-relative mb-3 border rounded p-2\">\n<a href=\"http:\/\/bit.ly\/3kCtW8T\" target=\"_blank\" class=\"d-flex text-decoration-none\" rel=\"nofollow noopener\">\n\n\n<div class=\"imgAds\"><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\" \/><noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\" \/><\/noscript><\/div>\n\n\n\n\n<div class=\"TextadTxt pl-3 pr-5\">Bitget is a Leading Derivatives Trading Platform - 24\/7 online support. One-Click Copy Trading. Industry-leading Security. Sign up & Trade Digital Asset!<\/div>\n\n\n<i class=\"iconsads position-absolute left-50 top-2\"><\/i>\n<\/a>\n<\/div>\n\n -->\n<\/div>\n<p>According to the <a rel=\"nofollow\" href=\"https:\/\/www.nytimes.com\/2023\/04\/27\/technology\/ftx-ryan-salame-sam-bankman-fried.html\">report<\/a> revealed by New York Times, the search of Salame\u2019s $4 million residence came about at roughly 7 within the morning and it\u2019s not but obvious what the motive was or what the authorities ultimately discovered all through the course of the search.<\/p>\n<p>The raid takes place within the midst of a prolonged federal inquiry into the demise of FTX, which occurred in November of final yr and shook the crypto market out and in. As the proceedings draw nearer to a proper trial scheduled for October 2023, the 31-year-old crypto mogul <a href=\"https:\/\/coingape.com\/tag\/sam-bankman-fried\/\">Sam Bankman-Fried<\/a> at present stays in home arrest after paying a whopping $250 million for bail. SBF has pleaded not-guilty to all counts of costs levied in opposition to him.<\/p>\n<p>In the wake of this FTX information, the change\u2019s native <a href=\"https:\/\/coingape.com\/glossary\/cryptocurrency\/\">cryptocurrency<\/a> FTT, witnessed a drop of roughly 1.41% up to now one hour. As issues at present stand, the worth of FTT is exchanging arms at $1.49 and boasts a market cap of roughly $510 million.<\/p>\n<p><em><strong>Also Read: <a title=\"Google &amp; Polygon Join Forces To Boost Network Growth, MATIC Price Set To Rally?\" href=\"https:\/\/coingape.com\/google-polygon-join-forces-boost-network-matic-price-rally\/\" rel=\"bookmark\">Google &amp; Polygon Join Forces To Boost Network Growth, MATIC Price Set To Rally?<\/a><\/strong><\/em><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA146448\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Pratik has been a crypto evangelist since 2016 &amp; been via nearly all that crypto has to supply. Be it the ICO growth, bear markets of 2018, Bitcoin halving to until now &#8211; he has seen all of it.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD146448\">\n<p>  The introduced content material might embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any accountability on your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/ftx-news-fbi-raid-ftx-oficial-close-aid-bankman-fried\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] FTX News: According to current experiences, the Federal Bureau of Investigation (FBI) executed a search warrant on the residence of Ryan Salame \u2014 a former high gun at FTX \u2014 in Maryland on Thursday morning. The search was carried out as a part of a complete investigation into the collapse of FTX by federal 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