The indictment, unsealed Tuesday, is the third Mr. Bankman-Fried has faced since the collapse of the crypto exchange. It alleges that in 2021 he authorized bribing one or more Chinese government officials with at least $40m in cryptocurrency to regain access to accounts that the country’s law enforcement had frozen as part of a continuing investigation into a party that traded with his crypto-investment firm, Alameda Research.
| less than a minute read
FTX founder Sam Bankman-Fried charged with bribing Chinese officials
Prosecutors first charged Mr. Bankman-Fried in December, alleging in a bare-bones indictment that he stole billions of dollars of FTX customer funds, in addition to misleading investors and lenders. They unveiled a second indictment in February with new allegations, including that he conspired to commit bank fraud and operate an unlicensed money-transmitting business.
