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Federal Prosecutors Investigate Former FTX Executive Over Possible Campaign Law Violations: WSJ
Ryan Salame is being investigated for potentially illegally avoiding federal limits on contributions to his girlfriend's congressional campaign last year.
Updated Jul 11, 2023, 3:14 p.m. Published Jul 11, 2023, 3:14 p.m.
Federal prosecutors in Manhattan are investigating a former FTX executive over possible violations of campaign finance law related to his girlfriend's congressional campaign last year, the Wall Street Journal reported on Tuesday.
Ryan Salame, who was FTX's co-chief executive of its Bahamas-based unit, is being investigated for potentially illegally avoiding federal limits on contributions to Michelle Bond's campaign for the Republican primary for New York's 1st congressional district, according to the report, citing people familiar with the matter.
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Prosecutors are looking at money Salame donated to Bond's campaign. The investigation dates back to at least April, when a search warrant was executed for the couple's home in Maryland and the two had their cellphones seized. At the time of Bond's campaign, she was CEO of a trade group called the Association for Digital Asset Markets and also worked as a $200,000-a-year-consultant for FTX, according to a congressional financial disclosure statement.
The investigation concerning Salame is being treated separately from that into founder Sam Bankman-Fried, which include campaign finance law violations as well as fraud and conspiracy. Salame has not been charged in the FTX case, but he has previously been identified by the Wall Street Journal as an unnamed co-conspirator cited in Bankman-Fried's indictment who allegedly took part in a campaign-finance plot unrelated to Bond.
Bankman-Fried is due to face trial in New York in October following the dramatic collapse of the exchange last November.
Read More: U.S. Criminal Charges Against Sam Bankman-Fried Don’t Warrant Dismissal, Prosecutors Say
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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market
Tarafından sipariş edildiKuCoin
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
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Iran accepts cryptocurrency as payment for advanced weapons
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- Iran's Ministry of Defence Export Center is accepting cryptocurrency payments for advanced weapons systems as a means of bypassing international sanctions that the country faces.
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