It’s yet another jarring allegation for the former crypto mogul.
Sam Bankman-Fried allegedly directed a roughly $40 million bribe to one or more Chinese government officials to unfreeze cryptocurrency assets held in the country by his Alameda Research hedge fund, according to a newly unsealed indictment against Bankman-Fried.Bankman-Fried is charged for conspiring to violate the anti-bribery section of the U.S.
The former billionaire CEO of cryptocurrency exchange FTX now faces 13 criminal counts for illicit business practices in his one-time crypto empire, up from theBankman-Fried ordered the overseas bribe after Chinese authorities blocked access to about $1 billion in crypto assets belonging to Alameda, according to prosecutors.Key Background
The bribery charge carries a maximum prison sentence of five years, a relatively meager period compared to the 100-plus sentences associated with Bankman-Fried’s other charges. The fresh allegation against Bankman-Fried comes hours after his defense and prosecutors
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sam Bankman-Fried's Lawyers, Prosecutors Agree on Proposed Bail ConditionsLawyers for SBF_FTX have agreed on bail conditions for the founder of crypto exchange FTX_Official with U.S. prosecutors. By JamieCrawleyCD
Read more »
Sam Bankman-Fried, prosecutors reach new bail agreementLawyers for Sam Bankman-Fried said they reached an agreement with U.S. prosecutors on Monday on revised bail conditions, after a judge raised the prospect of sending the indicted FTX cryptocurrency exchange founder to jail pending trial.
Read more »
Sam Bankman-Fried can use cell phone without internet as part of new bail conditionsAttorneys for the FTX founder and federal prosecutors reached an agreement on revised bail conditions.
Read more »
Prosecutors add bribery to list of charges against FTX founder Sam Bankman-Fried | CNN BusinessFederal prosecutors tacked on a 13th criminal charge against Sam Bankman-Fried, accusing the FTX co-founder of bribery in addition to multiple counts of fraud and conspiracy.
Read more »
Sam Bankman-Fried Faces New U.S. Indictment Over Chinese Bribery ChargeJUST IN: U.S. prosecutors have unveiled a new indictment against SBF_FTX, charging him with bribing Chinese government officials. nikhileshde reports
Read more »
Sam Bankman-Fried charged with bribing Chinese officials: Court docsSBF is in hot waters once again! The former FTX CEO is facing a new 13-count indictment from authorities in the United States.
Read more »