Sam Bankman-Fried, the disgraced founder of FTX, a defunct crypto exchange, was hit today with further criminal charges pertaining to political payments he made at the time.
The ex-FTX leader allegedly made more than 300 unlawful political donations in the US to “attempt to buy influence regarding cryptocurrency legislation in Washington, D.C.,” according to a superseding indictment released on Thursday.
As Bankman-Fried and others reportedly unlawfully mishandled the exchange by mixing funds and placing hazardous bets with client money on its subsidiary trading platform, Alameda Research, FTX, one of the largest cryptocurrency exchanges in the world, collapsed in November.
Sam Bankman-Fried, also known as SBF, was detained in December and, at the time, was accused of eight financial offenses.
We will update this breaking story with more information shortly.