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The Independent UK
The Independent UK
National
Larry Neumeister

Bankman-Fried charged with paying $40M bribe to China

Sam Bankman-Fried FTX China Crypto Lewis A Kaplan
Copyright 2023 The Associated Press. All rights reserved.

FTX founder Sam Bankman-Fried has been accused of attempting to pay a $40 million (£32m) bribe to Chinese officials in an attempt to unfreeze $1 billion in cryptocurrencies.

It means the disgraced crypto boss now faces 13 criminal charges relating to the collapsed cryptocurrency exchange, which was forced to file for bankruptcy in November 2022 after questions surrounding its finances led to a rush of withdrawals.

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