Sam Bankman-Fried Charged With Bribing Chinese Officials

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Sam Bankman-Fried Charged With Bribing Chinese Officials
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Prosecutors have accused FTX founder Sam Bankman-Fried of conspiring to bribe Chinese government officials in a new indictment on Tuesday.

of conspiring to bribe Chinese government officials in a new indictment on Tuesday.

The filing in the Southern District of New York alleges that the former billionaire directed the transfer of at least $40 million in cryptocurrency to one or more Chinese government officials in November 2021 in order to get access to accounts that had been frozen by Beijing authorities. The 31-year-old previously pleaded not guilty to charges stemming from the collapse of FTX.

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