Michelle Bond Accuses Prosecutors of Deception in FTX-Related Plea Deal

May 9, 2025, 10:09 p.m. 4 sources neutral

Michelle Bond, wife of former FTX executive Ryan Salame, has openly accused federal prosecutors of using "stealth and deception" to secure her husband’s guilty plea in FTX-related charges. In recently filed court documents, Bond alleges that prosecutors promised not to charge her in exchange for Salame's plea deal—a guarantee she claims was later disregarded. The U.S. Department of Justice denies any formal promise was made. Bond herself faces charges related to unlawful campaign contributions linked to her 2022 congressional campaign, reportedly funded via a consulting agreement with FTX orchestrated by Salame.

The developing legal dispute centers largely on procedural and ethical questions involving federal prosecutors' conduct, according to observers. Financial markets and major cryptocurrencies have not reacted notably to these allegations, and analysts emphasize that the reputational focus of the lawsuit is unlikely to produce economic disruption. The dispute parallels other post-FTX legal proceedings, with most former FTX executives already tried or convicted, and further legal clarity expected as the case unfolds.

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