Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.”
Sam Bankman-Fried (SBF), the co-founder and former CEO of FTX, now faces charges of bribing Chinese government officials. “Bankman-Fried and others agreed to pay cryptocurrency to one or more foreign officials in China to influence and induce them to unfreeze the accounts in order to assist Bankman-Fried, Alameda, and others in obtaining and retaining business for, and directing business to, Bankman-Fried, Alameda, and others,” the revised indictment states.
This is not the first time SBF’s indictment has been revised. In February 2023, Bitcoin.com News reported that SBF’s indictment was revised to include bank fraud charges. SBF faces other charges as well, including defrauding the Federal Election Commission (FEC), wire fraud, and securities fraud. The former FTX CEO has pleaded not guilty to the charges, but three of the firm’s top deputies have pleaded guilty and are cooperating with federal prosecutors.
The revised filing indicates that Chinese officials reportedly seized two accounts owned by Alameda Research, SBF’s quantitative trading arm, which were allegedly held on “two of China’s largest crypto exchanges” in 2021. Once again, the revised indictment does not include any other defendants, and Sam Bankman-Fried is the only individual named.
With the addition of bank fraud charges last month and newly added bribery charges, SBF now faces a total of 13 charges from the Department of Justice in New York. He also faces lawsuits filed by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
What do you think about the new charges SBF faces? Let us know your thoughts in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons, J.K2507 / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.”
Sam Bankman-Fried (SBF), the co-founder and former CEO of FTX, now faces charges of bribing Chinese government officials. “Bankman-Fried and others agreed to pay cryptocurrency to one or more foreign officials in China to influence and induce them to unfreeze the accounts in order to assist Bankman-Fried, Alameda, and others in obtaining and retaining business for, and directing business to, Bankman-Fried, Alameda, and others,” the revised indictment states.
This is not the first time SBF’s indictment has been revised. In February 2023, Bitcoin.com News reported that SBF’s indictment was revised to include bank fraud charges. SBF faces other charges as well, including defrauding the Federal Election Commission (FEC), wire fraud, and securities fraud. The former FTX CEO has pleaded not guilty to the charges, but three of the firm’s top deputies have pleaded guilty and are cooperating with federal prosecutors.
The revised filing indicates that Chinese officials reportedly seized two accounts owned by Alameda Research, SBF’s quantitative trading arm, which were allegedly held on “two of China’s largest crypto exchanges” in 2021. Once again, the revised indictment does not include any other defendants, and Sam Bankman-Fried is the only individual named.
With the addition of bank fraud charges last month and newly added bribery charges, SBF now faces a total of 13 charges from the Department of Justice in New York. He also faces lawsuits filed by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
What do you think about the new charges SBF faces? Let us know your thoughts in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons, J.K2507 / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Xrp rose to a fresh five-month high on Tuesday, as prices climbed for a fourth straight session. The token moved to its highest point since November, which comes despite a red wave sweeping over cryptocurrency markets. The global market cap is down 2.35% as of writing.
XRP, formerly ripple, rose for a fourth consecutive session on Monday, as prices hit their highest point in five months.
XRP/USD surged to an intraday high at $0.5029, less than 24 hours after falling to a low of $0.4573.
As a result of the move, XRP hit its strongest point since November 6, breaking out of a ceiling at $0.4950 in the process.
Looking at the chart, the 14-day relative strength index (RSI) moved to a one-week high, with a current reading of 68.87.
This is marginally below resistance at 69.00, and close to a recent seven-month high at 74.00.
Earlier gains in XRP have already begun to ease, with bulls seemingly securing gains around this ceiling.
During today’s red wave, monero (XMR) was a notable token to fall, as prices moved to a five-day low.
Following a high of $163.98 to start the week, XMR/USD slipped to a bottom at $149.85 earlier in today’s session.
The drop sees monero fall by as much as 7%, edging closer to a long-term support point at $146.00 in the process.
Whilst price has yet to reach this floor, the RSI collided with a support point of its own at the 49.00 mark.
Bulls have since pushed the index higher, with price strength now tracking at 50.08, which comes as XMR moved away from earlier lows.
Currently, monero is tracking at $154.03, with a move towards a ceiling at $156.00 a strong possibility.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect monero to move higher in upcoming days? Let us know your thoughts in the comments.
Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Grey82 / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales
Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.
Xrp rose to a fresh five-month high on Tuesday, as prices climbed for a fourth straight session. The token moved to its highest point since November, which comes despite a red wave sweeping over cryptocurrency markets. The global market cap is down 2.35% as of writing.
XRP, formerly ripple, rose for a fourth consecutive session on Monday, as prices hit their highest point in five months.
XRP/USD surged to an intraday high at $0.5029, less than 24 hours after falling to a low of $0.4573.
As a result of the move, XRP hit its strongest point since November 6, breaking out of a ceiling at $0.4950 in the process.
Looking at the chart, the 14-day relative strength index (RSI) moved to a one-week high, with a current reading of 68.87.
This is marginally below resistance at 69.00, and close to a recent seven-month high at 74.00.
Earlier gains in XRP have already begun to ease, with bulls seemingly securing gains around this ceiling.
During today’s red wave, monero (XMR) was a notable token to fall, as prices moved to a five-day low.
Following a high of $163.98 to start the week, XMR/USD slipped to a bottom at $149.85 earlier in today’s session.
The drop sees monero fall by as much as 7%, edging closer to a long-term support point at $146.00 in the process.
Whilst price has yet to reach this floor, the RSI collided with a support point of its own at the 49.00 mark.
Bulls have since pushed the index higher, with price strength now tracking at 50.08, which comes as XMR moved away from earlier lows.
Currently, monero is tracking at $154.03, with a move towards a ceiling at $156.00 a strong possibility.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect monero to move higher in upcoming days? Let us know your thoughts in the comments.
Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Grey82 / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales
Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.
PRESS RELEASE. Every year, natural disasters like earthquakes, hurricanes, and floods hit countries around the world, severely damaging local infrastructure and homes and causing casualties. Individuals and communities in the catastrophe-hit areas suffer a heavy loss and need help from the outside badly. For years, numerous public welfare organizations and charitable groups have been actively providing relief and assistance to those affected by disasters worldwide, and among such contributors is CoinEx Charity. Having been committed to disaster relief programs for over a year, CoinEx Charity has joined the global efforts to combat natural disasters by providing food, shelter, and medical assistance for hundreds of affected individuals, with its footprint across the globe.
Since its inception, CoinEx Charity has dedicated itself to supporting disaster-stricken areas around the world by providing free medical, material, and financial assistance for those affected by natural disasters. The organization’s commitment to charity has never wavered. Its charitable actions have reached the most remote and inaccessible areas, bringing key support to victims of disasters.
Disaster Relief
While most natural disasters are unavoidable, CoinEx Charity has extended a helping hand to survivors of natural disasters in time through public welfare campaigns. The organization has played a key role in disaster relief, especially in times of emergency. With quick, effective responses, CoinEx Charity provides assistance and support for survivors.
2023 is a disastrous year for Iran as the country has to cope with multiple crises, including earthquakes and economic challenges. On January 28, a 5.9-magnitude earthquake hit West Azerbaijan in northwestern Iran, killing at least three people and injuring more than 800. The earthquake has devastated the country’s economy, causing job loss and income reduction for many households. At the same time, refugees also grow in number. Actively involved in humanitarian responses in Iran, CoinEx Charity has procured and distributed relief materials including bed sheets, electronic heaters, and tents to people living in disaster-stricken areas. Additionally, the organization also set up temporary shelters for locals affected by the earthquake.
In 2022, the Philippines, Brazil, and Bangladesh suffered typhoons, heavy rainfalls, and floods. Across multiple regions, the disasters destroyed villages and homes. Homeless and without any shelter, many locals faced life-threatening conditions and urgently needed daily supplies.
In the face of the sudden disasters, CoinEx Charity took fast action, and contributed to local relief efforts with donations to the disaster-stricken areas. The organization not only provided shelters for refugees in the Philippines, Brazil, and Bangladesh but also donated basic necessities such as food, clothing, and medical equipment.
Over the past year, CoinEx Charity has played a big role in disaster relief across the globe, and helped millions of people hit by natural disasters such as earthquakes, heavy rainfalls, and typhoons. Such charitable efforts also go on even after the disaster relief. CoinEx Charity has offered living supplies to local impoverished children, making sure that they can access basic necessities such as food, clean water, and medical treatment.
It is fair to say that CoinEx Charity’s relief efforts in the earthquake in Iran are commendable, and its charitable action has alleviated the sufferings of families and individuals hit by the disaster. Yet Iran still faces severe challenges and needs more support to fully cope with the aftermath. The dire circumstances facing Iranians call on more global charities to learn from CoinEx Charity, reach out to the disaster-stricken areas, and tap into the power of charity to help more survivors. Together, we can help locals rebuild their communities, passing on a heartwarming message via charity.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Source From : News