Skip to main content

FTX Boss Ryan Salame’s Maryland Home Searched by FBI in Unexplained Raid

FTX Boss Ryan Salame's Maryland Home Searched by FBI in Unexplained Raid

According to unnamed sources, the home of Ryan Salame, the former co-chief executive of FTX Digital Markets, was searched by the U.S. Federal Bureau of Investigation (FBI) on Thursday. The grounds for the raid remain unknown, and neither Salame nor his legal representative have offered any statement concerning the situation.

FBI Conducts Mysterious Search on Home of Former FTX Executive Ryan Salame

On April 27, 2023, a report from the New York Times revealed that Ryan Salame, the former co-chief of FTX Digital Markets, had his $4 million house in Potomac, Maryland searched on Thursday morning.

Salame, who was a key figure at FTX, informed regulators in the Bahamas that the company was misusing customer funds just days before its collapse, according to court documents. The raid was disclosed by two individuals with knowledge of the matter, as noted by reporters Matthew Goldstein and David Yaffe-Bellany of the Times.

The reason for Thursday’s search remains unknown leaving the motive behind the search a matter of speculation. Ryan Salame, who donated more than $22 million to Republican campaigns during the 2022 U.S. election cycle, was a prominent political donor.

Additionally, Salame played a part in FTX Ventures Ltd., a subsidiary of FTX, which invested $25 million in 80 Acres Farms, an Ohio-based vertical farming company. While it’s unclear what the investment’s objective was, Salame was involved in the process.

According to The Times’ report, Salame’s legal representative declined to provide a statement in response to the request, and the FBI also refused to comment on the issue. At 7 a.m. Eastern Time, the search was conducted, and sources forwarded snapshots of FBI agents stationed outside Salame’s residence in Maryland during the operation.

Salame has not faced any criminal charges or been formally accused of wrongdoing. Meanwhile, Sam Bankman-Fried, the founder of FTX, is currently awaiting trial for multiple criminal counts. Three executives from FTX and its affiliate trading company, Alameda Research, have pleaded guilty to charges related to their activities.

What could be the possible reasons behind the FBI’s search of Ryan Salame’s home, and how might this development affect the ongoing investigations and trials related to FTX and its executives? Share your thoughts in the comments section below.



from Bitcoin News https://ift.tt/XlghYVM
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought...
Post a Comment
Read more

2021 Bitcoin Price Predictions: Analysts Forecast BTC Values Will Range Between Zero to $600K

As bitcoin has touched new price highs on Thursday nearing the $50k handle, people have been curious as to where the price will go in the future. Meanwhile, despite the gains so far, a number of luminaries, analysts, executives, and proponents from the crypto space believe the leading crypto asset will reach between $60k to six-digits this year. Mike Novogratz Predicts $100K Bitcoin: ‘Other CFOs and CEOs Are Saying, What Should We Be Doing?’ Satoshi Nakamoto’s invention has gained mass appeal in recent times as the leading digital asset bitcoin ( BTC ) has reached its highest value ever in 2021. On Thursday morning (EST), BTC spiked to an all-time high (ATH) at $48,697 per unit. Earlier in the morning at around 2 a.m., bitcoin was exchanging hands for $44,485 and saw an 8.98% increase since then. At the time of publication, at 6:30 p.m. (EST) on February 11, 2021, bitcoin (BTC) is swapping for $47,821 per coin. With BTC so close to the $50k mark, people have been forecasting ...
Post a Comment
Read more