FTX ally warned authorities days before Bankman-Fried arrest

Ryan Salame told the Bahamian securities commission that funds were being used improperly

One of the closest lieutenants of FTX founder, Sam Bankman-Fried, warned Bahamian regulators about improper trades at the cryptocurrency exchange in the days running up to its collapse, according to court filings.

The revelation came in papers published as part of the bail hearing for Bankman-Fried, FTX's former chief executive, who was arrested in the Bahamas on Monday and charged in the US on Tuesday over alleged fraud, money laundering and conspiracy.