In this week’s edition of Fortune, Adobe Stock reports that a former co-CEO of FTX Digital Market, Ryan Salame, plans to enter a guilty plea over criminal charges related to the company’s bankruptcy in November.
This comes weeks before the trial of Sam Bankman-Fried, who pleaded not guilty to 12 criminal charges.
Many observers wonder if other senior executives will soon follow suit and whether SBF will ultimately be pressured to engage in a similar voluntary admissions by admitting all of its conspiracy and fraudulently trading on the Exchange.
The company’s ex-CEO Sam continues to maintain his innocence, but many believe that the status quo may change following a number of guilty pleas by several senior executives.
Ex-FTX Co-Chief ExecutiveRyan Salame to Plead Guilty in Court – Will SBF Follow Suit?