The founder of the now-bankrupt cryptocurrency exchange FTX has a court hearing scheduled for 11 a.m. Thursday.
, is alleged to have bribed Chinese officials with tens of millions of dollars in order to regain access to assets, according to a federal indictment filed Tuesday.
"Bankman-Fried and others sought to regain access to the assets to fund additional Alameda trading activity, in order to assist Bankman-Fried and Alameda in obtaining and retaining business," the indictment states. FTX Founder Sam Bankman-Fried exits federal court in Manhattan on February 16, 2023. Bankman-Fried, or"SBF," is accused of bribing Chinese officials with more than $40 million in a new federal indictment issued Tuesday in the Southern District of New York.
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