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US Seeks to Seize Crypto Account Linked to Sam Bankman-Fried’s China Bribe

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by COINS NEWS 24 Views

US Seeks to Seize Crypto Account Linked to Sam Bankman-Fried’s China Bribe

US prosecutors seek to seize a crypto account tied to a $40M bribe allegedly authorized by Sam Bankman-Fried to unfreeze Chinese accounts.

The account, now worth $18.5M, holds various cryptocurrencies, with Solana's value surging nearly 300% in the past year.

Bribery charges were dropped after Bankman-Fried’s fraud conviction; he is serving a 25-year sentence and appealing his case.

submitted by /u/DaRunningdead
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