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November 30, 2023

Former FTX exec’s private airport in CT hits market for $2M

Contributed 547 West Main St., North Canaan
By Andrew Larson

Former FTX executive Ryan Salame’s private airport in North Canaan, known as Triumph Airfield, is on the market for $2 million.

The 68-acre property near the Massachusetts border includes a two-bedroom home, three hangar buildings with 13 bays, and a heated maintenance bay with an office and full bathroom. 

The airport, which has a 3,100-foot long grass runway, was built in 1985.

The listing agent is Lisa Bouchard Hoe of TKG Real Estate in Ghent, New York.

Salame was the former co-CEO of FTX’s subsidiary in the Bahamas and founder of the American Dream Federal Action super PAC.

FTX, a bankrupt cryptocurrency exchange, was co-founded in 2019 by Sam Bankman-Fried, who in November was convicted of felony fraud, and faces decades in prison when he’s sentenced next year.

In September, Salame pleaded guilty to making tens of millions of dollars in unlawful campaign donations to boost causes supported by Bankman-Fried, who was his boss, according to Reuters.

Based on a plea deal, Salame agreed to make restitution of $5.6 million to FTX debtors and pay $6 million to the U.S. government. He also must forfeit “any and all” property involved in the offense to the U.S. government.

Salame, who was born in Sandisfield, Massachusetts – about 15 miles from North Canaan – has been released on a $1 million bond and is scheduled to be sentenced in the U.S. District Court for the Southern District of New York on March 6, 2024.

Salame is listed as the principal of Triumph Airfield LLC. He purchased the property from North Canaan Aviation Realty LLC in 2021 for $1.2 million, according to town records.

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