Sam Bankman-Fried accused of bribing Chinese officials

Sam Bankman-Fried accused of bribing Chinese officials

The troubles for FTX founder Sam Bankman-Fried continue to mount. He’s been charged by US officials under the foreign corrupt practices act. The charge said he authorized an initial $40 billion bribe to unfreeze accounts in China, paid in cryptocurrency to one or more Chinese officials.

After confirmation the accounts were unfrozen, there were ‘additional tens of millions’ of payments to complete the bribe.


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