Sam Bankman-Fried, a hedge fund manager, is accused of paying bribes to a Chinese official in order to have his cryptocurrency frozen lifted. The charges indicate that new evidence has been obtained by the federal government about Bankman-Fried's international dealings. Bankman-Fried's hedge fund, FTX, collapsed in November 2022 after concerns about their balance sheet turned into a veritable bank run. Bankman-Fried now faces a federal indictment and civil charges from both the Securities and Exchange Commission and the Commodity Futures Trading Commission.

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