FTX's Bankman-Fried charged with bribery conspiracy in new indictment

U.S. prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of now-bankrupt FTX cryptocurrency exchange of conspiring to pay a $40 million bribe to Chinese government officials.

Highlights

• Sam Bankman-Fried accused of conspiring to pay $40 million bribe to Chinese government officials.
• New bribery conspiracy charge adds pressure on the 31-year-old former billionaire, who now faces a 13-count indictment over the collapse of FTX.
• Prosecutors had previously accused him of stealing billions of dollars in customer funds to plug losses at his Alameda Research hedge fund.
• He has pleaded not guilty to eight of the 13 counts he faces, and not yet been arraigned on the campaign finance or bribery conspiracy charges.
• A spokesman for the former hedge fund founder declined to comment.
• A judge will also consider modifications to his $250 million bail package.

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