• 34ºc, Sunny

Former FTX executive Ryan Salame withdraws request to vacate sentence, significant other Michelle Bond faces investigation

Ryan Salame, former co-chief executive of FTX Digital Markets, has withdrawn a request to have his seven-and-a-half-year sentence revoked amid disagreements over the US government's investigation into its significant other Michelle Bond. Salame's lawyers had claimed that prosecutors had negotiated a promise not to investigate Bond in order to force Salame to plead guilty. However, Bond was later accused of being involved in FTX founder SBF's plans to influence the US electoral system. US Attorney for the Southern District of New York Damian Williams accused Bond of illegally accepting donations from FTX-related parties in the 2022 congressional race. Judge Lewis Kaplan called Salame's request "ambiguous" and "inconsistent" and reserved the right to impose sanctions. US prosecutors denied an agreement with Salame not to investigate Bond. Previously, it was reported that Caroline Ellison, the former head of FTX sister company Alameda Research, is seeking to avoid jail time for her involvement in fraud.