Sam Bankman-Fried , Hit With Additional , Federal Charge of Bribery.<br />On March 28, federal prosecutors unsealed another <br />charge against Sam Bankman-Fried, accusing him <br />of bribing a government official in China.<br />NBC reports that the new indictment accuses <br />Bankman-Fried of bribing at least one government <br />official in China with a $40 million payout in 2021.<br />NBC reports that the new indictment accuses <br />Bankman-Fried of bribing at least one government <br />official in China with a $40 million payout in 2021.<br />Currently, the former cryptocurrency mogul is <br />awaiting trial on a number of crimes related to <br />the collapse of FTX and his hedge fund Alameda.<br />Currently, the former cryptocurrency mogul is <br />awaiting trial on a number of crimes related to <br />the collapse of FTX and his hedge fund Alameda.<br />According to the indictment, Bankman-Fried directed an <br />employee to make bribery payments after several <br />Alameda accounts were frozen by Chinese authorities.<br />According to the indictment, Bankman-Fried directed an <br />employee to make bribery payments after several <br />Alameda accounts were frozen by Chinese authorities.<br />After confirmation that the Accounts <br />were unfrozen, BANKMAN-FRIED <br />authorized the transfer of additional <br />tens of millions of dollars in <br />cryptocurrency to complete the bribe, Unsealed indictment against Sam Bankman-Fried, via NBC.<br />NBC reports that the charge of bribery comes as <br />the latest in a growing list of criminal charges since <br />Bankman-Fried was first arrested in December.<br />NBC reports that the charge of bribery comes as <br />the latest in a growing list of criminal charges since <br />Bankman-Fried was first arrested in December.<br />So far, Bankman-Fried has pleaded <br />not guilty to securities fraud, conspiracy<br />and eight counts of wire fraud.<br />NBC reports that Bankman-Fried is currently out <br />on bail. The recently revised terms allow him to possess a basic phone and computer.<br />NBC reports that Bankman-Fried is currently out <br />on bail. The recently revised terms allow him to possess a basic phone and computer.<br />FTX, once one of the world's largest <br />crypto exchanges, is now under new <br />leadership after declaring bankruptcy.<br />FTX, once one of the world's largest <br />crypto exchanges, is now under new <br />leadership after declaring bankruptcy.<br />The company is currently in the process <br />of unwinding its business and attempting <br />to recover any remaining assets.
