FTX founder Bankman-Fried charged over alleged bribes to Chinese officials

Sam Bankman-Fried is accused of bribing Chinese officials (AP Photo/John Minchillo, File)

FTX founder Sam Bankman-Fried was charged with directing 40 million US dollars (£32 million) in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed on Tuesday.

The charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act raises to 13 the number of charges Bankman-Fried faces after he was arrested in the Bahamas in December and brought to the United States soon afterward.