New U.S. Indictment Against FTX Founder SBF: Bribing Chinese Officials

The United States has filed new charges against Sam Bankman Fried (SBF), the founder of bankrupt cryptocurrency exchange FTX.

U.S. prosecutors filed a new 13-count indictment in Southern New York court against FTX founder SBF, Reuters reported on March 28. According to the new indictment, it is illegal for SBF to bribe Chinese officials.

According to Manhattan U.S. Attorneys, SBF paid a $40 million bribe to undo the country’s November 2021 freeze order on certain Alameda Research accounts. Prosecutors also claimed that the accounts held more than $1 billion in cryptocurrency.

Prosecutors asked Judge Lewis Kaplan to hold a hearing to try SBF on the new 13-count indictment.

In a separate indictment filed against him on Feb. 24, SBF faces four new charges, including bank fraud, political conspiracy, securities fraud and electronic fraud, in addition to the eight past charges brought against him.

Information source: compiled by 0x information from KOINBULTENI.Copyright belongs to the author, without permission, may not be reproduced

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