FTX Founder Bankman-Fried Charged with Paying USD 40 Million Bribe to China


Source: news18.com news18.com

Key Topics in this News Article:

News Snapshot:

FTX founder Sam Bankman-Fried was charged with directing USD 40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed on Tuesday. The charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act raises to 13 the number of charges Bankman-Fried faces after he was arrested in the Bahamas in December and brought to the United States soon afterward. The indictment was returned on Monday. The charge also contains language revealing that a fifth arrest was imminent in what US Attorney Damian Williams...