FTX Executive Ryan Salame Withdraws Petition To Vacate Guilty Plea
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Former FTX executive Ryan Salame withdrew a petition to vacate his guilty plea on criminal charges related to FTX on August 29 in light of Michelle Bond’s indictment.
The former FTX Digital Markets Co-CEO initially requested to reverse his plea following news that his partner, Michelle Bond, was being investigated by federal prosecutors on campaign finance violations in relation to her run for Congress.
Salame reportedly agreed to plead guilty under the conditions that Bond, who is the mother of his young child, would not be looked into further.
In a filing with the United States Southern District of New York, lawyers for Salame claim that he will no longer seek to vacate his guilty plea following Bond’s August 22 indictment.
Update: Ryan Salame has just withdrawn his motion challenging his guilty plea: "so that Ms. Bond may raise the matter in her proceeding…it makes sense to adjudicate the issues raised in the Petition in the docket in which the indictment is pending." Story coming https://t.co/NNTgOJGBkQ pic.twitter.com/Eu6Iz66AuM
“Mr. Salame is withdrawing the petition so that Ms. Bond may raise the matter in her proceeding,” the court filing stated. “To be clear, Mr. Salame stands by the facts set forth in the petition and accompanying declaration. Mr. Salame is withdrawing the petition, however, to allow the facts to be developed by Ms. Bond…”
Salame’s attempted plea reversal marks the latest chapter in a winding legal saga deriving from his connection to Sam Bankman-Fried’s fraudulent crypto exchange.
Just last month, Salame
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