FTX's Bankman-Fried charged with $40 million bribe to Chinese officials

The indictment said Bankman-Fried ordered the $40 million cryptocurrency payment to a private wallet from Alameda's main trading account, to persuade Chinese authorities to unfreezeAlameda accounts

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves following a hearing at Manhattan federal court in New York City, U.S. January 3, 2023.

(photo credit: REUTERS/ANDREW KELLY)

ByREUTERS

MARCH 28, 2023 18:26

Updated: MARCH 28, 2023 18:30

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