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FTX Founder Sam Bankman-Fried Accused Of Bribing Chinese Officials With $40M In New Indictment

FTX Sam Bankman-Fried Changpeng Zhao United States Binance Alameda Research Cryptocurrency FTX US SEC
FTX logo and Bitcoin symbol are screened for illustration photo. Kraków, Poland on January 18, 2023. FTX collapsed in 2022 that lead to Sam Bankman-Fried's arrest in violation of US laws and security exchanges. BEATA ZAWRZEL/BENZINGA

U.S. prosecutors on Tuesday revealed a new indictment against Sam Bankman-Fried, accusing the founder of the now-bankrupt FTX cryptocurrency exchange of conspiring to bribe Chinese government officials with $40 million in payments.

Bankman-Fried directed the payment to unfreeze accounts belonging to his hedge fund, Alameda Research, which held over $1 billion of cryptocurrency that Chinese authorities had frozen, according to federal prosecutors in Manhattan. 

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