Sam Bankman-Fried, chief executive officer of bankrupt cryptocurrency exchange FTX, faces a new 13th charge of bribing Chinese authorities. It is reported by Interfax with reference to MarketWatch.
According to court documents, in 2021, the businessman transferred more than $40 million worth of cryptocurrencies to the personal accounts of Chinese officials in order for them to unlock the accounts of Alameda Research, a cryptocurrency trading hedge fund affiliated with FTX. The fund’s accounts held crypto assets worth about $1 billion.
Thus, according to the investigation, he violated the law on combating corruption abroad.
Bankman-Fried was detained in the Bahamas in December last year and was soon extradited to the United States. In the States, he faces numerous charges related to the collapse of FTX. Among other things, he is charged with conspiracy to commit fraud and misappropriation of funds from FTX exchange customers, including for personal use.
The businessman is currently under house arrest at his parents’ home in California. The next hearing in his case is scheduled for Thursday.
Source: Rosbalt
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