Why is Michelle Bond facing trial over the FTX case?

Michelle Bond is facing trial over allegations that she violated campaign finance laws during her 2022 congressional campaign. Prosecutors allege that approximately US$400,000 in FTX-related funds were used to support the campaign through unlawful political contributions.

What are the charges against Michelle Bond in the FTX case?

Michelle Bond faces four criminal charges related to alleged campaign finance violations. Prosecutors claim she and former FTX executive Ryan Salame participated in a scheme involving campaign contributions linked to FTX funds.

How is Ryan Salame connected to Michelle Bond's case?

Ryan Salame, the former co-chief executive of FTX Digital Markets, is Michelle Bond's husband and has already pleaded guilty to conspiracy to make unlawful political contributions. Prosecutors allege Salame used approximately US$400,000 connected to FTX to support Bond's campaign.

What does the November trial mean for the remaining FTX legal cases?

Michelle Bond's November trial is one of the last major criminal proceedings stemming from the collapse of FTX in 2022. Most other prominent FTX executives have already been sentenced or resolved their cases with U.S. authorities.

How does Sam Bankman-Fried fit into the broader FTX legal proceedings?

Sam Bankman-Fried was convicted on seven felony charges related to the collapse of FTX and was sentenced to 25 years in prison. His conviction and sentence were upheld on appeal, leaving further appeals or executive clemency as potential remaining legal options.

Image for illustrative purposes only. Not a real photo.

FTX executive's wife faces November trial

Written by Mahathir BayenaPublished Jun 25, 2026, 6:00 AM

Michelle Bond is scheduled to stand trial on Nov. 9 over alleged campaign finance law violations tied to her 2022 congressional campaign.
A federal judge rejected Bond's attempt to dismiss the indictment based on claims linked to her husband Ryan Salame's plea agreement.
The case is one of the final criminal proceedings connected to the collapse of FTX in 2022.

Michelle Bond, the wife of former FTX Digital Markets co-chief executive Ryan Salame, is scheduled to face trial on Nov. 9 after a federal judge declined to dismiss criminal charges related to alleged campaign finance violations.

The decision follows months of legal disputes over whether prosecutors had assured Salame that Bond would not face charges as part of his 2023 plea agreement with U.S. authorities.

The court rejected Bond's motion to dismiss the indictment, which argued that prosecutors had promised she would not be charged if Salame pleaded guilty.

Prosecutors allege that Bond and Salame used approximately US$400,000 in FTX funds to support her 2022 campaign for the U.S. House of Representatives through transactions they described as unlawful political contributions.

Bond faces four criminal charges, and following the court ruling there was no market reaction because the case does not involve a publicly traded company or token.

The indictment, filed in August 2024, relates to Bond's unsuccessful Republican primary campaign in New York's 1st congressional district, where she lost to Nicholas LaLota.

The proceedings represent one of the final remaining criminal cases arising from the collapse of FTX, following the convictions and sentencing of former executives including Ryan Salame, Sam Bankman-Fried and Caroline Ellison.