FTX founder accused of conspiring to bribe Chinese officials with $40m worth of payments in new indictmentUS prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of now-bankrupt FTX cryptocurrency exchange of conspiring to bribe Chinese government officials with $40m worth of payments.Federal prosecutors in Manhattan charged Bankman-Fried with directing the payment in order to unfreeze accounts belonging to his hedge fund, Alameda Research, that Chinese authorities had frozen.
Source: the guardian
Summary automatically generated by NewSUM A.I. from the following sources:
- US charges Sam Bankman-Fried with bribing Chinese officials (the guardian)
- Sam Bankman-Fried paid $40m bribe to Chinese government official, indictment alleges (daily mail – mail online)
