The founder of FTX, alleged fraudster Sam Bankman-Fried, has been accused of paying a $40m (£32.5m) bribe to Chinese officials so they would release frozen cryptocurrency assets.
The 31-year-old, who is currently on bail and facing multiple fraud charges, allegedly organised the payment to unlock around $1bn in digital coins that had been seized by Beijing in 2021.
According to new US charges, Mr Bankman-Fried is said to have “agreed to and directed a multimillion-dollar bribe to unfreeze the accounts”, paying “one or more” Chinese government officials via his Alameda crypto hedge fund.
It’s the others who might have a significant problem. Do the Chinese still charge the family for the bullets required to execute the corrupt?
Sam’s not going to see daylight for some time anyway, however this charge turns out. But others?