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

UK to develop hypersonic missiles ‘to catch up with China and Russia by 2030’
Winner of $1.3bn jackpot plans to use money to ‘find a good doctor’
Amazon profit more than triples, topping Wall Street expectations
Exxon stock falls as earnings miss on lower natural gas prices and squeezed refining margins
Doorbell camera captures moment sword attack suspect is tasered and arrested