Ex-FTX Executive Salame Pleads Guilty to Criminal Charges (4)

Former FTX executive Ryan Salame pleaded guilty to criminal charges stemming from the collapse of the cryptocurrency exchange.

Salame, who was the co-chief executive of FTX’s Bahamas subsidiary before the exchange imploded last November, appeared in Manhattan federal court on Thursday afternoon. Flanked by lawyers and wearing a blue suit and Bitcoin socks, Salame pleaded guilty to one campaign finance violation and one charge of operating an illegal money-transmitting business.

Ryan Salame exits federal court in New York on Thursday.

Photographer: Stephanie Keith/Bloomberg

Salame’s plea agreement did not include a promise to testify against Sam Bankman-Fried, who goes on trial for fraud next month, but the deal will likely increase the ...