Sam Bankman-Fried (SBF), the previous CEO of FTX, has been charged with bribery within the U.S.
The most recent court docket submitting reviewed by CryptoSlate exhibits U.S. prosecutors charged SBF with violating anti-bribery legal guidelines. SBF reportedly licensed and directed a bribe of no less than $40 million to a number of Chinese language officers so as to unfreeze Alameda’s buying and selling accounts.
Chinese language authorities froze Alameda’s crypto buying and selling accounts on two of China’s largest exchanges in 2021. The court docket submitting doesn’t identify the exchanges however states that the accounts collectively contained over $1 billion value of cryptocurrencies. The accounts have been frozen as a part of an ongoing investigation into one in every of Alameda’s buying and selling counterparts.
After months of unsuccessful makes an attempt to unfreeze the accounts, SBF reportedly transferred round $40 million value of cryptocurrencies from Alameda’s primary buying and selling account to a personal cryptocurrency pockets.
Concurrently the cost, the accounts have been unfrozen — which was adopted by a further switch of tens of tens of millions of {dollars}.
The indictment prices SBF with 13 counts, together with violating anti-bribery provisions of the Overseas Corrupt Practices Act. The submitting requires the association of a court docket listening to so SBF may be arraigned on the brand new indictment.
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