Last year, cryptocurrency exchange FTX filed for bankruptcy and now it has sent an informational email to some of its creditors containing customer codes and asset amounts. The email notification emphasizes that when the deadline is determined by the court, instructions on how to present claims or proofs of interest will be given to all creditors.
However, the latest developments regarding FTX concern not only the bankruptcy process but also the legal situation of the company’s co-founder Sam Bankman-Fried. Justice Department prosecutors have accused SBF of offering at least $40 million worth of cryptocurrency bribes to at least one Chinese government official. According to the indictment, Bankman-Fried directed the transfer of at least $40 million worth of cryptocurrency in order to “influence and induce one or more Chinese government officials” to prevent the freezing of some accounts belonging to Alameda Research, his hedge fund, which were targeted by the Chinese police in or around November 2021.
The US Department of Justice has filed a new indictment against SBF, charging him with 13 counts. SBF is accused of bribing Chinese government officials and is alleged to have offered bribes to prevent the freezing of Alameda Research accounts by Chinese officials. However, the identities of the Chinese officials who were allegedly bribed have not yet been revealed.