BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Report: Former FTX Exec Ryan Salame’s $4 Million Home Searched by FBI

BlockNews Team by BlockNews Team
May 3, 2023
in BUSINESS, CRYPTO, MEDIA, SOCIAL
Reading Time: 3 mins read
1
SHARES
11
VIEWS
Share on XShare in TelegramShare on Reddit
  • Former co-CEO of FTX Digital Markets, Ryan Salame, had an FBI raid on his home without being formally charged with any crime yet
  • Salame is a high-profile political donor who donated $23M, mostly to Republican candidates
  • Bankman-Fried, the former CEO of FTX, faces 13 criminal charges, including enticing contributions beyond legal restrictions and concealing the source of donations

The FBI officials raided the Potomac, Maryland residence of Ryan Salame, the former co-CEO of FTX Digital Markets, on Thursday morning, as per The New York Times reports. In case you didn’t know, FTX Digital Markets is the Bahamian subsidiary of the crypto exchange FTX, which crumbled last year mainly because of the extravagant expenses made by its executives and strong ties with Bankman-Fried’s hedge fund, Alameda.

There has yet to be an official statement regarding the reason behind the FBI’s search, given that Salame has yet to be charged with any offense. Nonetheless, Bloomberg cites two people familiar with the matter, suggesting that Salame’s attorney had previously shared information on campaign finance endeavors.

Ryan Salame is a respected political donor, having given $23 million, primarily to Republicans, last year, categorizing him as the country’s 15th-top donor, as per OpenSecrets. The former CEO of FTX, Bankman-Fried, is looking at 13 criminal charges, including those of conspiring to deceive the Federal Election Commission and commit campaign finance crimes. He’s accused of using FTX executives to channel $100 million in political contributions, enabling him to surpass donation restrictions and keeping the source of money concealed.

With the CoinDesk report raising concerns about the close relationship between FTX and Alameda, FTX fell apart last November, and Bankman-Fried denied all criminal allegations. Besides, Salame alerted the Bahamian authorities about the wrongdoings at the crypto exchange, eventually leading to Bankman-Fried’s detention in the Caribbean nation last December.

So far, the FBI officials and Ryan Salame’s legal team have abstained from commenting on the searches.

SBF on Funneling Money in Political Causes

Sam Bankman-Fried reportedly used two FTX executives to make political contributions, one for “woke” causes and the other for Republican candidates to keep things “dark,” according to sources. Manhattan federal prosecutors suggest that Bankman-Fried channeled over $100 million for political donations from FTX and Alameda Research.

Prosecutors further claimed that Bankman-Fried’s campaign finance scheme served his interest, increased the profile of FTX, and gained favor from potential legislative candidates that could curate policies that benefit his crypto firm. It is alleged that the scheme aimed to push regulations on regulatory oversight over FTX and the cryptocurrency industry.

Besides, Manhattan prosecutors say that Bankman-Fried illegally used funds from FTX’s customers to make political donations. The group involved in the alleged scheme included the CEO, his co-founder Ryan Salame, and the former FTX director of engineering, Nishad Singh.

The revelation comes from a more extensive investigation into Bankman-Fried’s role in campaign finance violations, where he enticed contributions beyond legal restrictions and hid the actual source of money, leading to his arrest in the Bahamas. Bankman-Fried denied the allegations and is facing 13 criminal charges filed against him by Manhattan federal prosecutors.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: cryptoCrypto ExchangeFBIFTX
TweetShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

PENGU ETF Launch Set for October 12 – Is a $5 Billion Market Cap Next for Pudgy Penguins?
CRYPTO

PENGU ETF Launch Set for October 12 – Is a $5 Billion Market Cap Next for Pudgy Penguins?

September 7, 2025
God Candle Incoming? Why Shiba Inu (SHIB) Could Shock the Market With a Huge Rally
CRYPTO

God Candle Incoming? Why Shiba Inu (SHIB) Could Shock the Market With a Huge Rally

September 7, 2025
Chainlink Price Setup Could Launch LINK to $100 — Here’s the Roadmap Traders Are Watching!
CHAINLINK

Chainlink Price Setup Could Launch LINK to $100 — Here’s the Roadmap Traders Are Watching!

September 7, 2025
From $3 to $7? Analyst Says SUI Could Double – Here’s What You Need to Know
CRYPTO

From $3 to $7? Analyst Says SUI Could Double – Here’s What You Need to Know

September 7, 2025
TRON Price Faces Bearish Pressure Despite $110M Treasury Boost – Can Bulls Fight Back?
CRYPTO

TRON Price Faces Bearish Pressure Despite $110M Treasury Boost – Can Bulls Fight Back?

September 7, 2025
Dogecoin ETF Hype Builds: Will DOGE Price Moon or Crash? Read Before It’s Too Late!
CRYPTO

Dogecoin ETF Hype Builds: Will DOGE Price Moon or Crash? Read Before It’s Too Late!

September 7, 2025
Load More

Related News

PENGU ETF Launch Set for October 12 – Is a $5 Billion Market Cap Next for Pudgy Penguins?

PENGU ETF Launch Set for October 12 – Is a $5 Billion Market Cap Next for Pudgy Penguins?

September 7, 2025
God Candle Incoming? Why Shiba Inu (SHIB) Could Shock the Market With a Huge Rally

God Candle Incoming? Why Shiba Inu (SHIB) Could Shock the Market With a Huge Rally

September 7, 2025
Chainlink Price Setup Could Launch LINK to $100 — Here’s the Roadmap Traders Are Watching!

Chainlink Price Setup Could Launch LINK to $100 — Here’s the Roadmap Traders Are Watching!

September 7, 2025
From $3 to $7? Analyst Says SUI Could Double – Here’s What You Need to Know

From $3 to $7? Analyst Says SUI Could Double – Here’s What You Need to Know

September 7, 2025
TRON Price Faces Bearish Pressure Despite $110M Treasury Boost – Can Bulls Fight Back?

TRON Price Faces Bearish Pressure Despite $110M Treasury Boost – Can Bulls Fight Back?

September 7, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews