April 26, 2024
Security News

Sam Bankman-Fried Pleads Not Guilty to New Fraud and Bribery Charges in Federal Court – Here's What You Need to Know

Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to five additional charges brought against him in federal court in the US. The new charges against Bankman-Fried are focused on the alleged bribery of foreign officials from China. According to the charges, Bankman-Fried paid $40 million in crypto to one or more Chinese government officials in an attempt to gain access to trading accounts that had been frozen by the Chinese.... Read More: Sam Bankman-Fried Pleads Not Guilty to New Fraud and Bribery Charges in Federal Court – Here's What You Need to Know