Highlights

  • US officials: FTX chief Sam Bankman-Fried authorized bribes of at least $40 mn to Chinese officials
  • Bankman-Fried went bankrupt in Nov, dissolving a virtual trading business that at one point had been valued by the market at $32 bn

Latest news

Maggie Gyllenhaal to direct adaptation of Rachel Kushner's 'Creation Lake'

Maggie Gyllenhaal to direct adaptation of Rachel Kushner's 'Creation Lake'

HashKey Holdings Limited Announced Proposed Share Repurchase Plan of Up to HKD100 Million

HashKey Holdings Limited Announced Proposed Share Repurchase Plan of Up to HKD100 Million

Unimech Aerospace rebounds from a tariff-hit year; order book triples to ~Rs. 314 crore as scale becomes its competitive moat

Unimech Aerospace rebounds from a tariff-hit year; order book triples to ~Rs. 314 crore as scale becomes its competitive moat

CADFEM APAC and SilTerra Malaysia Partner to Advance Semiconductor Innovation Through Simulation-Driven Engineering

CADFEM APAC and SilTerra Malaysia Partner to Advance Semiconductor Innovation Through Simulation-Driven Engineering

"I resonated very deeply with everything...": Bhumi Pednekar hails Sikkim's sustainability and natural beauty

"I resonated very deeply with everything...": Bhumi Pednekar hails Sikkim's sustainability and natural beauty

Ryan Reynolds reveals he was hit by drunk driver at 18, spent weeks in hospital

Ryan Reynolds reveals he was hit by drunk driver at 18, spent weeks in hospital

Sensex soars over 900 points, Nifty gains 271 on global optimism; Tax reforms fuel FII interest

Sensex soars over 900 points, Nifty gains 271 on global optimism; Tax reforms fuel FII interest

Elon Musk led SpaceX raises USD 75 billion in IPO, Musk set to become world's first trillionaire

Elon Musk led SpaceX raises USD 75 billion in IPO, Musk set to become world's first trillionaire

US charges Sam Bankman-Fried for bribing Chinese officials

Bankman-Fried has been charged with wire fraud, conspiracy to commit money laundering as well as election finance violations

US charges Sam Bankman-Fried for bribing Chinese officials

US officials alleged that former FTX chief Sam Bankman-Fried authorized bribes of at least $40 million to Chinese officials, according to an updated indictment filed Tuesday.

The payments came after Chinese officials in early 2021 froze some $1 billion in cryptocurrency trading accounts controlled by FTX affiliate Alameda, according to an amended criminal indictment signed by US Attorney Damian Williams.

The move amounts to a 13th criminal charge against the former cryptocurrency highflyer, for 'conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act.'

Bankman-Fried has also been charged with wire fraud, conspiracy to commit money laundering as well as election finance violations.

ADVERTISEMENT

Up Next

US charges Sam Bankman-Fried for bribing Chinese officials

US charges Sam Bankman-Fried for bribing Chinese officials

Honda Activa 6G: Everything You Need to Know Before Buying

Honda Activa 6G: Everything You Need to Know Before Buying

How much does a ULIP plan really cost? A break-down of all charges

How much does a ULIP plan really cost? A break-down of all charges

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Reliance denies buying Iranian oil amid US sanctions waiver

Reliance denies buying Iranian oil amid US sanctions waiver

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

ADVERTISEMENT

editorji-whatsApp

More videos

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

Govt announces seven measures to help boost exports

Govt announces seven measures to help boost exports

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI pauses rate cuts, retains interest rate at 5.25 pc

RBI pauses rate cuts, retains interest rate at 5.25 pc

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

Explained: India-US trade deal, tariffs and trade benefits

Explained: India-US trade deal, tariffs and trade benefits

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.