FTX founder Bankman-Fried charged with paying $40 million bribe to China

The charge of conspiracy to violate 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

FTX filed for bankruptcy on November 11, when it ran out of money after the cryptocurrency equivalent of a bank run. He has remained free on a $250 million personal recognisance bond that lets him stay with his parents in California. Photo: Reuters

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