Sam Bankman-Fried , Hit With Additional , Federal Charge of Bribery.
On March 28, federal prosecutors unsealed another
charge against Sam Bankman-Fried, accusing him
of bribing a government official in China.
NBC reports that the new indictment accuses
Bankman-Fried of bribing at least one government
official in China with a $40 million payout in 2021.
NBC reports that the new indictment accuses
Bankman-Fried of bribing at least one government
official in China with a $40 million payout in 2021.
Currently, the former cryptocurrency mogul is
awaiting trial on a number of crimes related to
the collapse of FTX and his hedge fund Alameda.
Currently, the former cryptocurrency mogul is
awaiting trial on a number of crimes related to
the collapse of FTX and his hedge fund Alameda.
According to the indictment, Bankman-Fried directed an
employee to make bribery payments after several
Alameda accounts were frozen by Chinese authorities.
According to the indictment, Bankman-Fried directed an
employee to make bribery payments after several
Alameda accounts were frozen by Chinese authorities.
After confirmation that the Accounts
were unfrozen, BANKMAN-FRIED
authorized the transfer of additional
tens of millions of dollars in
cryptocurrency to complete the bribe, Unsealed indictment against Sam Bankman-Fried, via NBC.
NBC reports that the charge of bribery comes as
the latest in a growing list of criminal charges since
Bankman-Fried was first arrested in December.
NBC reports that the charge of bribery comes as
the latest in a growing list of criminal charges since
Bankman-Fried was first arrested in December.
So far, Bankman-Fried has pleaded
not guilty to securities fraud, conspiracy
and eight counts of wire fraud.
NBC reports that Bankman-Fried is currently out
on bail. The recently revised terms allow him to possess a basic phone and computer.
NBC reports that Bankman-Fried is currently out
on bail. The recently revised terms allow him to possess a basic phone and computer.
FTX, once one of the world's largest
crypto exchanges, is now under new
leadership after declaring bankruptcy.
FTX, once one of the world's largest
crypto exchanges, is now under new
leadership after declaring bankruptcy.
The company is currently in the process
of unwinding its business and attempting
to recover any remaining assets.
