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Fortune

Ben Weiss

Former FTX executive Ryan Salame, who bought a private jet while working for the crypto exchange, to plead guilty

Ryan Salame FTX Caroline Ellison Sam Bankman-Fried Gary Wang Crypto the Justice Department

(Credit: Michael M. Santiago—Getty Images)

Another former FTX executive is planning to plead guilty in a sprawling case the Justice Department has brought against the disgraced crypto exchange and former CEO Sam Bankman-Fried.

Ryan Salame, who was co-chief of FTX Digital Markets, the firm’s Bahamian subsidiary, will likely submit his plea on Thursday afternoon, according to a report from Bloomberg.

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