Sam Bankman-Fried Charged With Bribing Chinese Officials

The video discusses the legal case against FTX founder Sandbankman Freed, who is charged with bribing Chinese officials to unfreeze Alameda Research accounts. The accounts were suspended in 2021 during a Beijing investigation into local cryptocurrency exchanges. Bankman Freed faces 13 criminal counts and could face over a century in prison if convicted. He has pleaded not guilty to several fraud charges.

What surprising direction did the case against Sam Bankman-Fried take?

• He was charged with insider trading.

• He was charged with bribing Chinese officials.

• He was charged with tax evasion.

• He was charged with money laundering.

How much money did Sam Bankman-Fried allegedly pay to Chinese officials?

• $30 million

• $20 million

• $40 million

• $10 million

What was the purpose of the alleged bribe to Chinese officials?

• To gain market access

• To unfreeze accounts at Alameda Research

• To secure a business license

• To avoid taxes

Which cryptocurrency exchanges were involved in the investigation by Beijing?

• OKX and Fourby Capital

• Binance and Bitfinex

• Gemini and Poloniex

• Coinbase and Kraken

What is the potential legal consequence for Sam Bankman-Fried if convicted?

• A fine of $1 million

• Community service

• More than a century behind bars

• House arrest