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Sam Bankman-Fried paid $40M bribe to Chinese officials to unfreeze accounts: feds
 [NYPOST] Embattled crypto guru Sam Bankman-Fried paid a $40 million bribe to at least one Chinese government official to get access to accounts that had been frozen by Beijing, federal prosecutors alleged Tuesday. Details of the 2021 bribe were included in a new indictment against Bankman-Fried — the former head of cryptocurrency exchange FTX and hedge fund Alameda Research — filed by federal prosecutors in Manhattan. The feds allege the shaggy-haired accused fraudster sought to unlock $1 billion in cryptocurrency in accounts that had been seized by the authoritarian state. "Samuel Bankman-Fried aka ’SBF’ authorized and directed a bribe of at least $40 million to one or more Chinese government officials," the indictment states. "The purpose of the bribe was to influence and induce one or more Chinese government officials to unfreeze certain Alameda trading accounts containing over $1 billion in cryptocurrency, which had been frozen by Chinese authorities," it adds. Related: Sam Bankman-Fried: 2023-03-15 Madagascar migrants death toll hits 34 after boat sank Sam Bankman-Fried: 2023-02-24 Good Morning Sam Bankman-Fried: 2023-02-24 Sam Bankman-Fried, former FTX CEO, used straw donors to influence 2022 election, court filing says Posted by: Fred 2023-03-29 |
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