• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
'Crypto King' Sam Bankman-Fried Convicted For FTX Fraud

US Government Adds Bribery Charge To Case Against Former FTX CEO Sam Bankman-Fried

2 years ago
Nigeria Thump Tunisia In WAFCON Opener

Nigeria Thump Tunisia In WAFCON Opener

6 hours ago
2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

7 hours ago
Ethiopia Imposes New Tax To Offset Loss From USAID Funding Freeze

Ethiopia, Nigeria Move To Scrap Visa Requirements For Diplomats, Officials

7 hours ago
Gabon’s Coup Leader and President Nguema Launches New Political Party

Gabon’s Coup Leader And President Nguema Launches New Political Party

9 hours ago
Pinnick: Ex-Nigeria Football Chief Returns To CAF

Pinnick: Ex-Nigeria Football Chief Returns To CAF

12 hours ago
Monday, July 7, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Gabon’s Coup Leader and President Nguema Launches New Political Party

    Gabon’s Coup Leader And President Nguema Launches New Political Party

    Trump Demands Probe Of Subsidies Offered To Musk’s Firms

    After Fallout With Trump, Elon Musk Considers Floating Political Party

    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    Tanzania: Prime Minister Majaliwa To Step Down

    Tanzania: Prime Minister Majaliwa To Step Down

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

  • Economy
    Namibia Suspends State Funerals Following Criticism Over High Costs

    Namibia Suspends State Funerals Following Criticism Over High Costs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Promises To Clear Undeclared Debt Incurred By Past Administration

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    US-Africa Summit Wraps Up with Trade and Investment Deals Worth Over $2.5 Billion

    US-Africa Summit Wraps Up With Trade And Investment Deals Worth Over $2.5 Billion

    S/Africa Introduces $54 Million Incentive To Boost Local Manufacturing Of EVs

    South Africa Secures $474.6 Million Loan From AfDB To Boost Energy Transition

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Gabon’s Coup Leader and President Nguema Launches New Political Party

    Gabon’s Coup Leader And President Nguema Launches New Political Party

    Trump Demands Probe Of Subsidies Offered To Musk’s Firms

    After Fallout With Trump, Elon Musk Considers Floating Political Party

    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    Tanzania: Prime Minister Majaliwa To Step Down

    Tanzania: Prime Minister Majaliwa To Step Down

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

  • Economy
    Namibia Suspends State Funerals Following Criticism Over High Costs

    Namibia Suspends State Funerals Following Criticism Over High Costs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Promises To Clear Undeclared Debt Incurred By Past Administration

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    US-Africa Summit Wraps Up with Trade and Investment Deals Worth Over $2.5 Billion

    US-Africa Summit Wraps Up With Trade And Investment Deals Worth Over $2.5 Billion

    S/Africa Introduces $54 Million Incentive To Boost Local Manufacturing Of EVs

    South Africa Secures $474.6 Million Loan From AfDB To Boost Energy Transition

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

US Government Adds Bribery Charge To Case Against Former FTX CEO Sam Bankman-Fried

March 28, 2023
in Legal, Top Stories
0
'Crypto King' Sam Bankman-Fried Convicted For FTX Fraud

FTX co-founder Sam Bankman-Fried.

0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By John Ikani

Former FTX CEO Sam Bankman-Fried is facing new allegations from the US Government, which has accused him of paying a $40 million bribe to Chinese officials in exchange for unfreezing trading accounts linked to FTX’s sister company, Alameda Research.

Relatedreading

Nigeria Thump Tunisia In WAFCON Opener

2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

The bribe, which was allegedly paid in cryptocurrency, has been added to the 12 counts that Bankman-Fried already faces. He was initially charged with eight counts in December 2021 and extradited from the Bahamas.

Prosecutors claim that Bankman-Fried repeatedly attempted to unfreeze the Alameda Research accounts, including by hiring attorneys to lobby on the company’s behalf in China.

He also allegedly used personal identifying information of unaffiliated individuals in an attempt to transfer funds and circumvent the freeze orders put in place by Chinese authorities.

The indictment alleges that after months of failed attempts to unfreeze the accounts, Bankman-Fried directed the $40 million bribe payment.

According to the indictment, an Alameda employee sent crypto payment instructions for at least a portion of the bribe payment to other Alameda employees.

The charge against Bankman-Fried comes after a former FTX employee, Nishad Singh, reached a plea deal with prosecutors last month.

Singh, along with former Alameda boss Caroline Ellison and FTX co-founder Gary Wang, agreed to help the government build its case against Bankman-Fried.

Bankman-Fried is currently out on bail and awaiting trial provisionally set for October. However, Judge Lewis Kaplan, who is overseeing the case, has ordered that Bankman-Fried’s bail conditions be changed, restricting him to the use of a monitored laptop and a phone that does not connect to the internet.

The government had previously accused Bankman-Fried of attempting to contact a former FTX employee, as well as John Ray, the new CEO of FTX, and of using a virtual private network.

A spokesperson for Bankman-Fried declined to comment on the new allegations. FTX collapsed in November 2021 after it was unable to meet a wave of withdrawal demands from customers.

Tags: breakingFTXHeritageheritage timesheritagetimesmedialatestnewsSam Bankman-Friedthe heritage timesthtthtafricatop stories
ShareTweetSend
Previous Post

Heavyweight Bout: Joshua Set To Face Franklin, Ponders Retirement If…

Next Post

Nigeria: NCDMB Pushes For Increased Women CEOS In Oil Industry

Related Posts

Nigeria Thump Tunisia In WAFCON Opener

Nigeria Thump Tunisia In WAFCON Opener

July 6, 2025
2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

July 6, 2025

Ethiopia, Nigeria Move To Scrap Visa Requirements For Diplomats, Officials

Gabon’s Coup Leader And President Nguema Launches New Political Party

Pinnick: Ex-Nigeria Football Chief Returns To CAF

After Fallout With Trump, Elon Musk Considers Floating Political Party

Next Post

Nigeria: NCDMB Pushes For Increased Women CEOS In Oil Industry

Please login to join discussion
AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Nigeria Thump Tunisia In WAFCON Opener

Nigeria Thump Tunisia In WAFCON Opener

July 6, 2025
2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

July 6, 2025
Ethiopia Imposes New Tax To Offset Loss From USAID Funding Freeze

Ethiopia, Nigeria Move To Scrap Visa Requirements For Diplomats, Officials

July 6, 2025
Gabon’s Coup Leader and President Nguema Launches New Political Party

Gabon’s Coup Leader And President Nguema Launches New Political Party

July 6, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Nigeria Thump Tunisia In WAFCON Opener

July 6, 2025

2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

July 6, 2025

Ethiopia, Nigeria Move To Scrap Visa Requirements For Diplomats, Officials

July 6, 2025

Gabon’s Coup Leader And President Nguema Launches New Political Party

July 6, 2025

Pinnick: Ex-Nigeria Football Chief Returns To CAF

July 6, 2025

After Fallout With Trump, Elon Musk Considers Floating Political Party

July 6, 2025

US: Death Toll In Texas Flooding Hits 51, 27 Girls Still Missing

July 6, 2025

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

July 5, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

From Hope To Fear: Kenya Joins East Africa’s Crackdown On Free Expression

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In