Sam Bankman-Fried Charged in US With Bribing Chinese Officials
- FTX co-founder’s $40 million bribe alleged in fresh indictment
- Bribe was aimed at reclaiming $1 billion in crypto, US says
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Sam Bankman-Fried was charged with bribing Chinese officials, adding a new dimension to the US government’s case against the FTX co-founder.
The new charge was unsealed Tuesday in a revised indictment by federal prosecutors in Manhattan. Bankman-Fried is accused of authorizing the payment of $40 million to get Chinese officials to unfreeze accounts at Alameda Research, a Hong Kong-based trading firm affiliated with FTX, holding more than $1 billion.