Technology

Sam Bankman-Fried paid over $40 million to bribe at least one Chinese official, DOJ alleges in new indictment

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives on the day of a hearing at Manhattan federal court in New York City, January 3, 2023.
David Dee Delgado | Reuters

FTX co-founder Sam Bankman-Fried paid out tens of millions of dollars worth of bribes to at least one Chinese government official, federal prosecutors alleged in a new indictment Tuesday.

This is breaking news. Please check back for updates.

Articles You May Like

Global energy transition will require $4 trillion annually by next decade, BlackRock says
First ever electric semi truck rides into Mexico with SDG&E
Scottish powersharing under threat after climate target scrapped
Post Office boss Read led ‘campaign to defame and ostracise me’, ex-HR director claims
Bitcoin miners upgrade power centers and get into AI to brace for slashed revenue post halving