According to US justice, Sam Bankman-Fried, made Chinese officials pay at least $40 million in bribes. They were to regain access to frozen assets.
Former number one exchange platform FTX cryptocurrenciesSam Bankman-Fried, did pay Chinese officials at least $40 million in bribes to regain access to assets frozen by the Chinese governmentaffirmed US judicial authorities on Tuesday.
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In a document posted online, Manhattan Attorney General Damian Williams’ office added a corruption charge to the list of charges against the young former executive, whose trial will begin this fall.


Sam Bankman-Fried was arrested this Monday in the Bahamas at the request of the United States, a country where he faces several criminal charges for the handling of his clients’ funds.
FTX bankruptcy
FTX filed for bankruptcy on November 11, and at the end of that month, the company’s new managers appeared for the first time before the bankruptcy court of the state of Delaware (USA) to begin the restructuring process.
Lawyers for the new board and its current head, John Ray, argue that a “substantial amount” of the company’s assets may have been stolen or are missing.
The new managers have also denounced that the company had a “total absence of corporate controls” and a lack of “reliable financial information”.
The platform, which came to be valued at 32,000 million dollars, could have more than a million creditors around the world. So far, the company has admitted that it owes more than $3 billion to its top 50 creditors.
Source: Ambito

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