FBI agents search home of FTX exec who gave millions to Republicans
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The FBI on Thursday reportedly searched the home of former FTX executive Ryan Salame, who ran the failed cryptocurrency exchange's Bahamian subsidiary and was a major campaign donor to Republicans. Yesterday morning's search of Salame's $4 million home in Potomac, Maryland, was reported by The New York Times and Bloomberg, with both media outlets citing anonymous sources.
Salame hasn't been charged with a crime but was a member of FTX founder and former CEO Sam Bankman-Fried's inner circle. Salame received $87 million in payments and loans from FTX entities, the exchange's new leadership said last month.
It's unclear what FBI agents were looking for at Salame's house, but the search "signals that federal authorities are not done with their investigation into FTX's collapse as they prepare for Mr. Bankman-Fried's trial set in October," the Times wrote. "They are scrutinizing an array of employees and advisers in the former crypto mogul's orbit, including Mr. Bankman-Fried's younger brother."