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 cryptocurrency business.
FILE FTX founder Sam Bankman-Fried leaves Manhattan federal court in New York, Feb. 16, 2023. On Tuesday, Bankman-Fried is accused in new indictment of paying $40 million bribe to unlock frozen crypto in China. was charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed Tuesday.
He has pleaded not guilty to charges that he cheated investors out of billions of dollars before his business collapsed. Bankman-Fried, 31, understood that the accounts had been frozen by Chinese authorities as part of an ongoing probe of a particular Alameda trading counterparty, the indictment said.
A portion of the bribe payment of cryptocurrency, then worth about $40 million, was moved from Alameda's main trading account to a private cryptocurrency wallet in November 2021 and the frozen accounts were unfrozen at about the same time, the indictment said.
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