Sam Bankman-Fried charged with bribing Chinese officials

Bankman-Fried already faces several counts of fraud over the collapse of FTX.

Image: Bloomberg

FTX co-founder Sam Bankman-Fried was charged with bribing Chinese officials in a revised indictment.

The charge was added Monday by a federal grand jury in Manhattan federal court. Bankman-Fried was accused of sending $40 million in cryptocurrency intended for the benefit of one or more Chinese government officials in order to get them to unfreeze accounts at Alameda research holding more than $1 billion in crypto.

Bankman-Fried already faces several counts of fraud over the collapse of FTX.

Source : https://www.moneyweb.co.za/moneyweb-crypto/sam-bankman-fried-charged-with-bribing-chinese-officials

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