Former FTX executive Ryan Salame is expected to plead guilty to criminal charges. Salame would be the fourth top official in the exchange to plead guilty to charges brought by the US Attorney's office in Manhattan. Sam Bankman-Fried, the company's former CEO and founder, is scheduled to go to trial on fraud and conspiracy charges in October. It's not immediately clear which charges Salame may plead guilty to and whether he will testify at Bankman-Fried's trial, as the other former executives are expected to. Within FTX, Salame connected Bankman-Fried to political power brokers and helped try to legitimize cryptocurrency in the corridors of Washington, DC.

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Persons: Ryan Salame, Sam Bankman, Salame, It's, Fried, Caroline Ellison, Gary Wang, Nishad Singh, Haven, Egresitz Organizations: Service, US, of, Prosecutors, Alameda Research, Justice Department, Heritage, Democratic, Republican Locations: Wall, Silicon, Manhattan, Southern, of New York, Bankman, Massachusetts, Lenox —, Washington, DC, United States, Bahamas, Brooklyn