FTX Digital Markets co-CEO staying on, lawyering up: Sources

Quick Take

  • Former Alameda Research CEO Sam Trabucco is also lawyering up.

FTX Digital Markets CEO Ryan Salame is sticking around the bankrupt company to salvage what's left and has hired lawyers amid the bankruptcy chaos, people familiar with the matter told The Block.

Additionally, former Alameda Research CEO Sam Trabucco, who stepped stepped down in August, is hiring a lawyer. He was replaced by Caroline Ellison, who is among those in Sam Bankman-Fried's inner circle. 

Salame joined FTX a little more than a year ago, and was head of OTC for Alameda Research for two years prior to that. Salame is staying on in the position to try to salvage what's left of FTX.

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FTX filed for bankruptcy yesterday and former CEO Sam Bankman-Fried has not officially been located, though reports say he is in the Bahamas.


Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Christiana is a long-time journalist who has written about markets in the Americas, politicians who stashed cash in their underwear and high-end heels, to name just a few. She previously spent six years at Bloomberg, and her work has appeared in the WSJ, LA Times, Insider, Vogue Business and more. Christiana has a bachelor's degree in English from Pace University and a master's degree in journalism from New York University. She completed a master's degree in media psychology for fun.
Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

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