The disgraced former crypto CEO was already facing 12 federal charges. Now $40 million+ in possible bribes to the Chinese government is under scrutiny.
d directed tens of millions of dollars to regulatory officials in China in order to get certain accounts unfrozen., and before that crypto activities were highly restricted and heavily regulated. In the crackdown preceding the outright ban, the country’s government froze two trading accounts held by Alameda Research, FTX’s sister hedge fund, that were operating on Chinese exchanges, per the new filing.Combined, the accounts allegedly held about $1 billion worth of crypto.
tried to get the account unfrozen through various means including attempted clandestine transfers, appealing to the Chinese government, and hiring lawyers to help. None of those things worked, according to the indictment.After months of failed attempts to unfreeze the Accounts [SBF] discussed with others and ultimately agreed to and directed a multi-million-dollar bribe to seek to unfreeze the accounts,” reads the document.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX founder Sam Bankman-Fried tried to bribe Chinese officials, prosecutors say | CNN BusinessFederal prosecutors tacked on a 13th criminal charge against Sam Bankman-Fried, accusing the FTX co-founder of bribing 'one or more' Chinese government officials with $40 million.
Read more »
FTX founder Sam Bankman-Fried charged with bribing Chinese government officials: court documentSam Bankman-Fried, former FTX CEO, is facing new charges according to a March 28 court documents
Read more »
FTX founder Sam Bankman-Fried tried to bribe Chinese officials, prosecutors sayFederal prosecutors tacked on a 13th criminal charge against Sam Bankman-Fried, accusing the FTX co-founder of bribing 'one or more' Chinese government officials with $40 million.
Read more »
FTX founder Sam Bankman-Fried tried to bribe Chinese officials, prosecutors sayFederal prosecutors tacked on a 13th criminal charge against Sam Bankman-Fried, accusing the FTX co-founder of bribing 'one or more' Chinese government officials with $40 million.
Read more »
FTX founder Sam Bankman-Fried tried to bribe Chinese officials, prosecutors sayFederal prosecutors tacked on a 13th criminal charge against Sam Bankman-Fried, accusing the FTX co-founder of bribing 'one or more' Chinese government officials with $40 million.
Read more »
FTX founder Sam Bankman-Fried tried to bribe Chinese officials, prosecutors sayFederal prosecutors tacked on a 13th criminal charge against Sam Bankman-Fried, accusing the FTX co-founder of bribing 'one or more' Chinese government officials with $40 million.
Read more »