{"id":14496,"date":"2024-10-10T09:00:28","date_gmt":"2024-10-10T09:00:28","guid":{"rendered":"https:\/\/medexperts.pro\/?p=14496"},"modified":"2024-10-10T09:24:11","modified_gmt":"2024-10-10T09:24:11","slug":"the-downfall-of-ftxs-ryan-salame-and-crypto-advocate-michelle-bond","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=14496","title":{"rendered":"The Downfall of FTX\u2019s Ryan Salame and Crypto Advocate Michelle Bond"},"content":{"rendered":"
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He was a wealthy cryptocurrency executive with a shiny white Porsche and a luxury condo in the Bahamas. She was a crypto policy expert with political ambitions, advocating for the industry in Washington.<\/p>\n

A romance blossomed after they were brought together by an unlikely matchmaker: Sam Bankman-Fried<\/a>, the founder of the collapsed FTX crypto exchange.<\/p>\n

Two years ago, the FTX executive Ryan Salame<\/a> and the crypto advocate Michelle Bond were an industry power couple. Mr. Salame gave tens of millions of dollars to conservative politicians, who celebrated<\/a> him as a \u201cbudding Republican megadonor,\u201d while Ms. Bond ran for Congress, drawing support<\/a> from Donald Trump Jr.<\/p>\n

But this tale of crypto boy meets crypto girl has turned into a legal nightmare. Mr. Salame, 31, once a top lieutenant to Mr. Bankman-Fried, is set to report to federal prison in Maryland on Friday to start a sentence of seven and a half years, after he pleaded guilty to campaign finance fraud. In August, Ms. Bond, 45, who lives with Mr. Salame and their infant son in Potomac, Md., was also charged<\/a> with campaign finance violations linked to FTX.<\/p>\n<\/div>\n<\/div>\n

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The two were married last month in a small ceremony in Nevada. But their $4 million house in Potomac, purchased in 2022 at the height of FTX\u2019s success, is set to be sold, with all the proceeds surrendered. Mr. Salame has gone from meeting with politicians to skirmishing on X with anonymous trolls. After FTX failed in late 2022, Ms. Bond resigned as the head of a prominent crypto trade group and became a target of federal prosecutors in the Southern District of New York, the same office that pursued her husband.<\/p>\n

\u201cBeing in a relationship with me was going to be a problem,\u201d Mr. Salame said in an interview at their house in September. \u201cIt hasn\u2019t been great for her, having me in her life.\u201d<\/p>\n

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He was a wealthy cryptocurrency executive with a shiny white Porsche and a luxury condo in the Bahamas. She was a crypto policy expert with political ambitions, advocating for the industry in Washington.A romance blossomed after they were brought together by an unlikely matchmaker: Sam Bankman-Fried, the founder of the collapsed FTX crypto exchange.Two years ago, the FTX executive Ryan Salame and the crypto advocate Michelle Bond were an industry power couple. Mr. Salame gave tens of millions of dollars to conservative politicians, who celebrated him as a \u201cbudding Republican megadonor,\u201d while Ms. Bond ran for Congress, drawing support from Donald Trump Jr.But this tale of crypto boy meets crypto girl has turned into a legal nightmare. Mr. Salame, 31, once a top lieutenant to Mr. Bankman-Fried, is set to report to federal prison in Maryland on Friday to start a sentence of seven and a half years, after he pleaded guilty to campaign finance fraud. In August, Ms. Bond, 45, who lives with Mr. Salame and their infant son in Potomac, Md., was also charged with campaign finance violations linked to FTX.The two were married last month in a small ceremony in Nevada. But their $4 million house in Potomac, purchased in 2022 at the height of FTX\u2019s success, is set to be sold, with all the proceeds surrendered. Mr. Salame has gone from meeting with politicians to skirmishing on X with anonymous trolls. After FTX failed in late 2022, Ms. Bond resigned as the head of a prominent crypto trade group and became a target of federal prosecutors in the Southern District of New York, the same office that pursued her husband.\u201cBeing in a relationship with me was going to be a problem,\u201d Mr. Salame said in an interview at their house in September. \u201cIt hasn\u2019t been great for her, having me in her life.\u201dWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":14498,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-14496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/14496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14496"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/14496\/revisions"}],"predecessor-version":[{"id":14499,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/14496\/revisions\/14499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/14498"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}