News

Sam Bankman-Fried paid over $40 million to bribe at least one official in China, 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

Amazon cashierless tech competitor Grabango shutters after failing to secure funding
Facebook Gets a New Video Tab as Meta Introduces AI-Powered Video Ad Tools via Advantage+ Platform
iQOO 13 India Launch Date Leaked as Handset Surfaces on Geekbench With Snapdragon 8 Gen 4 Chipset
Infinix Zero Flip 5G to Get 50-Megapixel Dual Cameras, GoPro Support and AI Vlog Mode
New Critical GitLab Vulnerability Could Allow Arbitrary CI/CD Pipeline Execution