Crypto: FTX founder Sam Bankman-Fried charged with bribing Chinese government officials

by | Mar 28, 2023 | Stock Market

Sam Bankman-Fried, the founder and former chief executive of bankrupt crypto exchange FTX, is facing new charges for bribery, according to an federal indictment filed Tuesday. The Justice Department claims Bankman-Fried in 2021 transferred over $40 million worth of cryptocurrency to Chinese government officials. The founder allegedly made the transfer to “influence and induce them to unfreeze the accounts” of Alameda Research, which contained over $1 billion in cryptocurrency that Beijing had frozen, according to the filing….

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