The US has accused former FTX chief executive Sam Bankman-Fried of paying a $40mn bribe to one or more Chinese government officials in a revised indictment filed in federal court in Manhattan on Tuesday.
Prosecutors allege Bankman-Fried sent the bribe in cryptocurrency to Chinese officials in order to regain access to trading accounts that had been frozen by law enforcement in the country. The accounts were linked to Alameda Research, FTX’s sister company.
The new bribery charge was added to twelve counts already faced by the former FTX chief, whose exchange collapsed in November last year after it was unable to meet a wave of withdrawal demands from customers.
Maybe wonderboy will do serious time. Maybe.
