Crypto executive Sam Bankman-Fried, who is facing multiple charges of alleged corruption related to his companies FTX and Alameda Research, has been charged with an additional count of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act. The new charge brings the total number of counts against Bankman-Fried to 13. Bankman-Fried pleaded not guilty to this newest count and four others unsealed in a prior indictment in late February. Bankman-Fried had previously pleaded not guilty to the other eight charges he faces.

According to the superseding indictment unsealed in the Southern District of New York, Bankman-Fried agreed to pay $40 million in cryptocurrency to foreign officials in China to unfreeze certain trading accounts on two of China’s largest crypto exchanges that belonged to Alameda. The accounts had been frozen in 2021 by Chinese authorities as part of an investigation of a certain Alameda trading counterparty. Prosecutors allege that after months of failed attempts to unfreeze the accounts, Bankman-Fried directed a multi-million dollar bribe payment to seek to unfreeze the accounts, which was carried out in November 2021. Bankman-Fried then resumed trading with the estimated $1 billion that remained in those accounts.

Bankman-Fried has been free on a $250 million personal recognizance bond and under court orders to live with his parents. However, federal prosecutors have raised concerns about his internet activities and his contact with current and former FTX employees. Bankman-Fried’s parents have agreed to not allow him to use their phones and laptops and to install monitoring software on those devices that will photograph the device’s user every five minutes. If the judge agrees, Bankman-Fried will not be allowed to contact current or former FTX and Alameda employees, use Signal or other encrypted messaging apps, or use a VPN to access the internet. He will be given a new laptop configured to allow access only to pre-approved websites necessary for the preparation of the defense or for personal use, which do not pose a risk to the community.

A spokesperson for Bankman-Fried said that they will challenge the new charges when motions are filed. Bankman-Fried is due back in court on June 15.

Сообщение Sam Bankman-Fried, a disgraced crypto executive, pleads not guilty to a new bribery charge. появились сначала на Coinstelegram.

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