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FTX Founder Sam Bankman-Fried Charged with Attempted Bribery of Chinese Officials.

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Source: Los Angeles Times
FTX Founder Sam Bankman-Fried Charged with Attempted Bribery of Chinese Officials.
Photo: Los Angeles Times
TL;DR

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.

Topics:businesscryptocurrency#bribery#china#cryptocurrency#cryptocurrency-exchanges#ftx#sam-bankman-fried
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  1. Sam Bankman-Fried charged in U.S. with bribing Chinese officials  Los Angeles Times
  2. FTX founder Sam Bankman-Fried tried to bribe Chinese officials with $40 million, prosecutors say  ABC7 News Bay Area
  3. Sam Bankman-Fried paid over $40 million to bribe at least one official in China, DOJ alleges in new indictment  CNBC
  4. FTX founder Sam Bankman-Fried tried to bribe Chinese officials, prosecutors say  CNN
  5. Sam Bankman-Fried directed $40M cryptocurrency bribe to Chinese officials, federal prosecutors allege  Fox Business

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