Ex-FTX executive Salame due in U.S. court for expected guilty plea


NEW YORK (Reuters) – Ryan Salame, a former executive of now-bankrupt cryptocurrency exchange FTX, is due for a proceeding of interest in Manhattan federal court on Thursday, federal prosecutors said.

Such appearances normally suggest a defendant has reached a plea deal. Salame is appearing before U.S. District Judge Lewis Kaplan, the same judge overseeing indicted FTX founder Sam Bankman-Fried’s criminal case over the exchange’s collapse.

When asked for comment, a spokesman for the U.S. Attorney’s office in Manhattan confirmed Salame would appear at 3 p.m. EDT (1900 GMT).

Salame’s lawyer did not immediately respond to a request for comment.

(Reporting by Luc Cohen in New York)

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