FTX founder Sam Bankman-Fried, left, arrives at Manhattan federal court, Feb.16, 2023, in New York. (AP Photo/John Minchillo) Sam Bankman-Fried Accused of Bribing Chinese Officials With $40 Million Payment
The government said that Bankman-Fried allegedly directed the bribe payment after Chinese law enforcement officials froze crypto trading accounts associated with his crypto hedge fund, Alameda, in early 2021.
March 28, 2023 at 11:43 AM
3 minute read
Cryptocurrency
A fifth superseding indictment was unsealed Tuesday morning against Sam Bankman-Fried, charging the FTX founder with conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act through a cryptocurrency payment to Chinese officials.
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