FTX cryptocurrency trade founder and former CEO Sam Bankman-Fried is going through a brand new 13-count indictment from the authorities in america.
In response to a court docket submitting by United States lawyer Damian Williams, one of many new SBF’s fees consists of an alleged $40 million bribe to a Chinese language authorities official in a brand new superseding indictment.
In part 105 of the submitting, the criticism claims that SBF and different associated events “directed and induced the switch of a minimum of roughly $40 million in cryptocurrency meant for the advantage of a number of Chinese language authorities officers.” In response to the allegations, the transaction was made with a purpose to affect and induce the Chinese language officers to unfreeze cryptocurrency accounts at FTX’s affiliate agency Alameda Analysis.
It is a growing story, and additional data can be added because it turns into accessible.