2 years ago
Sam Bankman-Fried (SBF), the erstwhile CEO of FTX, has been charged with bribery successful the U.S.
The latest court filing reviewed by CryptoSlate shows U.S. prosecutors charged SBF with violating anti-bribery laws. SBF reportedly authorized and directed a bribe of astatine slightest $40 cardinal to 1 oregon much Chinese officials successful bid to unfreeze Alameda’s trading accounts.
Chinese authorities froze Alameda’s crypto trading accounts connected 2 of China’s largest exchanges successful 2021. The tribunal filing doesn’t sanction the exchanges but states that the accounts collectively contained implicit $1 cardinal worthy of cryptocurrencies. The accounts were frozen arsenic portion of an ongoing probe into 1 of Alameda’s trading counterparts.
After months of unsuccessful attempts to unfreeze the accounts, SBF reportedly transferred astir $40 cardinal worthy of cryptocurrencies from Alameda’s main trading relationship to a backstage cryptocurrency wallet.
At the aforesaid clip arsenic the payment, the accounts were unfrozen — which was followed by an further transportation of tens of millions of dollars.
The indictment charges SBF with thirteen counts, including violating anti-bribery provisions of the Foreign Corrupt Practices Act. The filing calls for the statement of a tribunal proceeding truthful SBF tin beryllium arraigned connected the caller indictment.
The station SBF charged with bribing Chinese authorities officials with $40M appeared archetypal connected CryptoSlate.
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