US charges Sam Bankman-Fried with bribing Chinese officials
by Reuters from US news | The Guardian on (#6A8NE)
FTX founder accused of conspiring to bribe Chinese officials with $40m worth of payments in new indictment
US prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of now-bankrupt FTX cryptocurrency exchange of conspiring to bribe Chinese government officials with $40m worth of payments.
Federal prosecutors in Manhattan charged Bankman-Fried with directing the payment in order to unfreeze accounts belonging to his hedge fund, Alameda Research, that Chinese authorities had frozen. The accounts held more than $1bn of cryptocurrency, US prosecutors said.
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