According to court documents, Ryan Salame notified the Bahamas’ securities commission that FTX was transmitting client monies to Alameda Research.
According to court documents filed in the Bahamas on December 14, Ryan Salame, the former co-CEO of FTX Digital Markets, alerted the Securities Commission of the Bahamas (SCB) on November 9 that FTX was moving client cash to its sister trading business, Alameda Research.
He also informed the SCB that only three persons had access to the client assets that needed to be transferred to Alameda: former FTX CEO Sam Bankman-Fried, FTX co-founder Zixiao “Gary” Wang, and FTX engineer Nishad Singh.
The claim prompted SCB executive director Christina Rolle to seek an inquiry from the commissioner of the Royal Bahamas Police Force.
The documents show the first recorded instance of an FTX or Alameda executive aiding authorities.
On December 4, images reported to show Alameda CEO Caroline Ellison at a New York coffee shop a short walk away from the U.S. Attorney’s Office sparked speculation that she was making a deal with authorities in the aftermath of the FTX collapse.
Just two days before the cryptocurrency exchange was forced to shut, a high-ranking official at FTX’s Bahamian firm alerted local authorities to probable fraud at the exchange.