Sam Bankman-Fried faces charges of bribery involving Chinese officials
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Sam Bankman-Fried faces charges of bribery involving Chinese officials

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1 year ago

FTX founder SBF indicted on bribery charges in connection to unfrozen cryptocurrency accounts in China

Sam Bankman-Fried faces charges of bribery involving Chinese officials

known as “SBF,” is facing a new 13-count indictment from authorities in the United States.

Among the charges, SBF is accused of bribing a Chinese government official with $40 million to unfreeze cryptocurrency accounts at FTX’s affiliate firm, Alameda Research.

According to a court filing by United States attorney Damian Williams, the complaint alleges that SBF and other related parties “directed and caused the transfer of at least approximately $40 million in cryptocurrency intended for the benefit of one or more Chinese government officials.”
Read the article about SBF and the charges of bribery.
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