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DOJ Wants Sam Bankman-Fried Bribes, FTX Sues
The DOJ is actively pursuing the seizure of $17.9M in crypto assets linked to Sam Bankman-Fried's alleged bribe to Chinese officials. FTX's creditors may see some relief, with a reorganization plan promising to repay 98% of claims at 118% in cash. Lawsuits abound, with FTX suing Binance for $1.76B in alleged fraudulent transfers during its financial struggles in 2021.The post DOJ Wants Sam Bankman-Fried Bribes, FTX Sues appeared first on Techreport.
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