FTX Founder Sam Bankman-Fried Charged with Attempted Bribery of Chinese Officials.
TL;DR Summary
Sam Bankman-Fried, the co-founder of FTX, has been charged with bribing Chinese officials to unfreeze accounts at Alameda Research, a Hong Kong trading firm affiliated with FTX, holding more than $1 billion. Bankman-Fried now faces 13 criminal counts, including conspiracy to violate the Foreign Corrupt Practices Act. He has pleaded not guilty to several fraud charges. Bankman-Fried and others sought to regain access to the assets held in Alameda accounts to fund additional trading activity.
- Sam Bankman-Fried charged in U.S. with bribing Chinese officials Los Angeles Times
- FTX founder Sam Bankman-Fried tried to bribe Chinese officials with $40 million, prosecutors say ABC7 News Bay Area
- Sam Bankman-Fried paid over $40 million to bribe at least one official in China, DOJ alleges in new indictment CNBC
- FTX founder Sam Bankman-Fried tried to bribe Chinese officials, prosecutors say CNN
- Sam Bankman-Fried directed $40M cryptocurrency bribe to Chinese officials, federal prosecutors allege Fox Business
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