Ryan Salame, the former co-chief executive of FTX Digital Markets, is in negotiations with federal prosecutors to plead guilty to criminal charges following the implosion of the cryptocurrency exchange, Bloomberg News reported. The Republican megadonor may enter a plea as soon as next month to offenses including campaign finance law violations, according to the people, who asked not to be identified because the discussions aren’t public. It is unclear whether he will enter into a cooperation agreement with prosecutors and testify against FTX co-founder Sam Bankman-Fried. Salame’s former colleagues, Gary Wang, Caroline Ellison and Nishad Singh, have already pleaded guilty to playing a role in the alleged multibillion dollar fraud at the now-bankrupt crypto empire and will be key witnesses in the government’s case against Bankman-Fried.
