Fourth top FTX executive pleads guilty ahead of Sam Bankman-Fried trial

Ryan Salame, a former top executive at cryptocurrency exchange FTX, pleaded guilty Thursday to criminal charges linked to the sweeping fraud case against FTX’s founder, Sam Bankman-Fried, a move that raises the pressure on Bankman-Fried ahead of his trial next month.

In a federal courtroom in downtown Manhattan, Salame pleaded guilty to a campaign finance law violation and a charge of operating an unlicensed money transmitting business.