FTX founder Sam Bankman-Fried has been charged in the United States with directing $US40 million ($A60 million) in bribes to one or more Chinese officials.
Bankman-Fried charged with bribing Chinese officials
US prosecutors have unveiled a new indictment against Sam Bankman-Fried, accusing the founder of the now-bankrupt FTX cryptocurrency exchange of paying a $US40 million ($A60 million) bribe to Chinese officials so they would unfreeze his hedge fund’s accounts.
The new bribery conspiracy charge adds the pressure on the 31-year-old former billionaire, who now faces a 13-count indictment over the November collapse of FTX.
Prosecutors had previously accused Bankman-Fried of stealing billions of dollars in customer funds to plug losses at his Alameda Research hedge fund, and orchestrating an illegal campaign donation scheme to buy influence in Washington DC.
A spokesman for Bankman-Fried declined to comment.