U.S. prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of the now-bankrupt FTX cryptocurrency exchange of paying a $40 million bribe to Chinese
The indictment said Bankman-Fried ordered the $40 million cryptocurrency payment to a private wallet from Alameda's main trading account, to persuade Chinese authorities to unfreezeAlameda accounts
Embattled crypto entrepreneur Sam Bankman-Fried was hit with a new criminal charge Tuesday by federal prosecutors alleging he bribed Chinese officials with tens of millions of dollars in digital currency to unfreeze his accounts.
Manhattan federal prosecutors on Tuesday added a new Foreign Corrupt Practices Act charge to the growing fraud case against FTX founder Sam Bankman-Fried, alleging that he paid Chinese government officials $40 million in bribes to unfreeze his cryptocurrency hedge fund's trading accounts in the country.