Former FTX executive Ryan Salame invested $6 million into restaurants and small businesses in Lenox, Massachusetts, prior to the crypto firm's collapse and bankruptcy.
, sparking concern about the financial distress spreading to other ventures linked directly or indirectly to FTX.
Salame, who was the co-CEO of FTX Digital, has reportedly invested around $6 million in several restaurants and small businesses in Lenox, Massachusetts, since the summer of 2021. Lenox is a quaint town of about 5,000 residents located in western Massachusetts' Berkshire County roughly 20 miles away from Salame's hometown of Sandisfield. that Salame owns several eateries in Lenox, including Firefly Gastropub & Catering Co.
According to bankruptcy filings, Salame received a $55 million loan from Alameda Research – the hedge fund and trading arm of FTX that
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