(Bloomberg) Sam Bankman-Fried was charged with bribing Chinese officials, adding a new dimension to the US government’s case against the FTX co-founder.
Witthaya Prasongsin/Getty Images(NEW YORK) Embattled crypto executive Sam Bankman-Fried now faces an additional criminal charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act, according to a superseding indictment unsealed Tuesday in the Southern District of New York.
The new charge brings to 13 the total number of counts Bankman-Fried faces, all stemming from alleged corruption in the operations of the crypto companies he founded: FTX and Alameda Research.
Bankman-Fried allegedly agreed to pay $40 million in cryptocurrency to foreign officials in China so they would unfreeze certain trading accounts on two of China s largest crypto exchanges that belonged to Alameda, according to the superseding indictment.
The accounts had been frozen in 2021 by Chinese authorities as part of an investigation of a certain Alameda trading counterparty.
"After the accounts were frozen, Samuel Bankman-Fried, the defendant, and others operating at his
A new indictment charges FTX founder Sam Bankman-Fried with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his