The FBI searched a home belonging to FTX executive Ryan Salame on Tuesday, the New York Times and Bloomberg reported, amid a sweeping investigation that has ensnared FTX founder Sam Bankman-Fried and three other top executives at the failed crypto exchange.
Four top FTX executives have faced criminal charges since the firm's rapid collapse last year, ... [+]
The search took place Thursday morning at Salame’s house in the D.C. suburb of Potomac, according to the Times, which cited two unnamed sources.
It’s unclear why authorities obtained a search warrant for Salame’s home.
Salame has not been charged with a crime or formally accused of criminality, but Bankman-Fried is awaiting trial for a litany of criminal counts, and three executives at FTX and its sister trading firm Alameda Research have pleaded guilty to charges.
Forbes has reached out to the FBI’s Baltimore division, Salame and his attorney for comment.
Salame served as the CEO of FTX Global Markets, the Bahamas-based affiliate of what was once the world’s second-largest cryptocurrency exchange. Last year, the Times reported Salame was seen as a Bankman-Fried loyalist, though he wasn’t one of the FTX founder’s closest confidantes.
This is a developing story; it will be updated.