Mar 29, 2023 15:00:00

Collapsed FTX ex-CEO bribed Chinese officials $40 million to unfreeze accounts

Sam Bankman-Fried, former CEO of the virtual currency exchange FTX, which

filed for bankruptcy proceedings under U.S. federal law in November 2022, has asked Chinese government officials to unfreeze their accounts and paid $40 million (approximately 52 million dollars). 170 million yen) has been revealed.

Sam Bankman-Fried paid Chinese officials $40 million to unfreeze his crypto, new charges claim - CBS News
https://www.cbsnews.com/news/sam-bankman-fried-chinese-bribe-40-million/

SBF paid $40M bribe to unfreeze crypto trading accounts in China, US charges | Ars Technica

https://arstechnica.com/tech-policy/2023/03/sbf-paid-40m-bribe-to-unfreeze-crypto-trading-accounts-in-china-us-charges/

Sam Bankman-Fried accused of sending a $40 million crypto bribe to Chinese officials - The Verge

https://www.theverge.com/2023/3/28/23660076/sam-bankman-fried-accused-bribe-chinese-officials-ftx

Sam Bankman-Fried Faces New US Indictment Over Chinese Bribery Charge
https://www.coindesk.com/policy/2023/03/28/sam-bankman-fried-faces-new-us-indictment-over-chinese-bribery/

This fact was revealed by the indictment added on March 28 (Tuesday). Former CEO Sam Bankman-Freed has already been charged with 12 charges, but a new bribery charge has been added.

In November 2021, the former CEO tried various means to unfreeze accounts related to FTX's sister company Alamada. 10,000 dollars equivalent (about 5.27 billion yen) was sent to one or more people in charge of the Chinese authorities.

In addition, it seems that it has been confirmed that further remittances were made after confirmation of unfreezing.

Bankman-Freed, former CEO, was arrested in December 2022 on suspicion of fraud against FTX customers and investors and conspiracy to commit fraud.

by Bybit

In addition, Bankman-Freed former CEO has been released on bail by paying bail of 250 million dollars (about 33 billion yen) immediately after arrest, but the use of smartphones is prohibited as a new bail condition. It has been pointed out that the former CEO tried to contact a colleague on his smartphone during the bail period. The laptop is also being requested to be resubmitted, and is set to be configured so that only specific sites can be accessed.