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Another FTX executive Ryan Salame pleads guilty

Another former FTX executive has pleaded guilty in the US in a case stemming from the dramatic collapse and bankruptcy of the once popular cryptocurrency exchange.

Ryan Salame, one of the firm’s top executives, admitted he had violated campaign finance laws and operated an illegal money-transmitting business.

He agreed to surrender more than $1.5bn (£1.2bn) to authorities.

The pleading comes ahead of the October trial of FTX founder Sam Bankman-Fried.

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