FTX founder Sam Bankman-Fried is once again facing trouble at the hands of United States law enforcement. The ongoing prosecution of the disgraced executive continues, with Bankman-Fried facing a new charge.
As per a court filing by United States attorney Damian Williams, Sam Bankman-Fried is currently facing bribery charges. A new 13-count indictment from the authorities accused the former FTX Chief Executive Officer (CEO) of bribing Chinese government officials.
The indictment noted that Bankman-Fried, along with other entities, transferred the $40 million in the form of cryptocurrency to unfreeze the digital asset accounts related to FTX’s sister company Alameda Research. The accounts are said to be holding over $1 billion in crypto assets, which were frozen by two of China’s largest crypto exchanges in 2021.
The new charge has added to the already existing 12 charges against the former executive. Earlier last month, Sam Bankman-Fried was hit with four new charges by the prosecutors, which included donating millions of Dollars to influence politicians in the US.
The bribery charge against the ex-CEO came a mere hours after the prosecutors and Bankman-Fried’s lawyers reached an agreement regarding his bail conditions.
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