Chinese government official


FTX co-founder Sam Bankman-Fried has been indicted by federal prosecutors for allegedly paying tens of millions of dollars in bribes to at least one Chinese government official. The indictment, filed on Tuesday, accuses Bankman-Fried and others of transferring at least $40 million in cryptocurrency to influence and induce Chinese officials to unfreeze accounts belonging to his hedge fund, Alameda Research. Frozen Accounts and Loss-Generating Trades According to the indictment, accounts belonging to Bankman-Fried’s hedge fund…