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FTX's Sam Bankman-Fried charged with bribing Chinese officials

U.S. prosecutors allege crypto boss made multimillion-dollar payment to help unfreeze accounts

Former FTX Chief Executive Sam Bankman-Fried leaves a federal court hearing in New York on Jan. 3.   © Reuters

LONDON/NEW YORK (Financial Times) -- The U.S. has accused former FTX chief executive Sam Bankman-Fried of paying a $40 million bribe to one or more Chinese government officials in a revised indictment filed in federal court in Manhattan on Tuesday.

Prosecutors allege Bankman-Fried sent the bribe in cryptocurrency to Chinese officials in order to regain access to trading accounts that had been frozen by law enforcement in the country. The accounts were linked to Alameda Research, FTX's sister company.

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