FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-Fried By Cointelegraph

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A high-ranking executive at FTX’s Bahamian entity tipped off local regulators of potential fraud perpetrated at the cryptocurrency exchange just two days before the exchange was forced to close.

According to Bahamian court records filed on Dec. 14, Ryan Salame, the former co-CEO of FTX Digital Markets (FDM) told the Securities Commission of the Bahamas (SCB) on Nov. 9 that FTX was sending customer funds to its sister trading firm Alameda Research.

Ryan Salame, pictured, called SCB executive director Rolle on Nov. 9, alerting the regulator to fraudulent activities. Image: Twitter