Federal authorities claim that Sam Bankman-Fried bribed Chinese officials to the tune of $40 million USD in cryptocurrency.

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On Tuesday, a new indictment was released alleging that FTX founder Sam Bankman-Fried bribed Chinese authorities to unfreeze assets related to his cryptocurrency company to the tune of $40 million.

Bankman-Fried was arrested in the Bahamas in December of last year and extradited to the United States soon thereafter. She faces thirteen charges, including conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act.

This superseding indictment will likely be used to file charges against Bankman-Fried at Thursday’s upcoming pretrial hearing.

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The accounts contained approximately $1 billion worth of cryptocurrencies, and the prosecution claims that Bankman-Fried and his friends “tried numerous methods” to unlock them. After exhausting all other options, including legal and personal means, Bankman-Fried reportedly agreed to and supervised a multimillion-dollar bribe to unlock the frozen accounts.

The government claims that Bankman-hedge Fried’s fund used the unfrozen assets to finance Alameda’s loss-producing transactions, prolonging the fraud against customers and investors by one year.

According to a filing made by FTX’s new management on Wednesday, former CEO Sam Bankman-Fried, who is facing multiple criminal fraud charges, got approximately $2.2 billion, CWEB reported on March 17th. Multiple organizations made payments to FTX. Several other high-level executives also got multimillion dollar bonuses. More than $3.2 billion in “payments” and “loans” were transferred in this way. Below is the complete account.

CWEB has provided some information for this story.

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