Prosecutors today hit disgraced crypto mogul Sam Bankman-Fried with new criminal charges relating to political donations he made while running the now collapsed digital asset exchange FTX.
A superseding indictment Thursday alleges that the ex-FTX boss made more than 300 illegal political donations in the United States to “try to purchase influence over cryptocurrency regulation in Washington, D.C.”
FTX was one of the biggest crypto exchanges in the world but blew up last November after Bankman-Fried and others allegedly criminally mismanaged the exchange by commingling funds and making risky bets with customer cash on its sister trading platform, Alameda Research.
Sam Bankman-Fried—better known as SBF—was arrested in December and initially charged with eight financial crimes.
A spokesperson for Bankman-Fried declined Decrypt’s request to comment.
This is a breaking story and will be updated.
Stay on top of crypto news, get daily updates in your inbox.
Source: https://decrypt.co/122022/sam-bankman-fried-new-criminal-charges
