The post Former FTX Executive to Plead Guilty in FTX Collapse! appeared first on Coinpedia Fintech News
Former FTX executive Ryan Salame is expected to plead guilty to criminal charges over the collapse of the cryptocurrency exchange. Salame was the co-chief executive of FTX’s Bahamas subsidiary before the exchange imploded last November. Salame is scheduled to appear in Manhattan federal court on Thursday afternoon. The expected plea comes a month before the trial of FTX’s founder, Sam Bankman-Fried, who has been accused of market manipulation. It remains to be seen what specific charges Salame will plead guilty to.
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