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Published 1 year ago

U.S. charges FTX’s Bankman-Fried with paying $40-M Chinese bribe

Summary by Ground News
FTX founder Sam Bankman-Fried is charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business. He was arrested in the Bahamas in December and brought to the United States after FTX filed for bankruptcy. He has pleaded not guilty to charges that he cheated investors out of billions of dollars before his business collapsed.

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