FTX Founder Sam Bankman-Fried Attempted to Bribe Chinese Government Officials, Prosecutors Claim

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FTX Founder Sam Bankman-Fried Attempted to Bribe Chinese Government Officials, Prosecutors Claim
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Breaking news: FTX Founder Sam Bankman-Fried is in hot water after allegedly trying to bribe Chinese officials $40 million to unfreeze accounts. The DOJ has issued a new indictment concerning the unfreezing of $1 billion in digital assets.

. The accounts had been frozen by the Chinese government during a crackdown on cryptocurrencies in November 2021, and prosecutors claim that the frozen accounts held more than $1 billion of digital assets.

Damian Williams, United States Attorney for the Southern District of New York, announces the indictment of Samuel Bankman-Fried on December 13The indictment further alleges that these accounts were released after the $40 million payment was transferred from Alameda to a private cryptocurrency wallet, suggesting that the transaction was successful, and that Bankman-Fried then went on to use those unfrozen assets to continue to fund Alameda until FTX wasBankman-Fried has already pleaded not...

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