FBI Investigation Into Collapsed Crypto Firm Expands With Raid on Top Executive’s Home

Former FTX executive and major Republican political donor Ryan Salame's home was searched by the FBI.
Salame informed Bahamian regulators that FTX client funds may have been transferred to Alameda Research, Bankman-Fried's trading firm.
Salame donated over $23 million to Republican campaigns in 2022, raising questions about the source of the funds.
Salame worked at Ernst & Young and Circle before joining FTX Digital Markets in 2021.
The deepening criminal probe into FTX's collapse is focused on former CEO Sam Bankman-Fried, who faces fraud and campaign finance charges.