Sam Bankman-Fried, the disgraced founder of the collapsed crypto exchange FTX, has been accused of conspiring to bribe “one or more” Chinese officials with at least $40 million in payments, according to an indictment unsealed Tuesday morning.
Prosecutors allege the purpose of the bribes was to persuade Chinese authorities to unfreeze accounts from his trading firm, Alameda Research, containing more than $1 billion.
Prosecutors in the Southern District of New York on Tuesday unsealed an indictment that adds the bribery conspiracy charge to a dozen others already leveled against Bankman-Fried, including fraud, money laundering and making illegal campaign contributions. Prosecutors have alleged that Bankman-Fried led an effort to use millions of dollars in FTX customer money to make political donations, prop up his trading firm, and enrich himself.
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