March 31, 2023 - 8:00pm | By Kyle Cornell
(New York, NY) -- Former crypto-king Sam Bankman-Fried pleaded not guilty in federal court Thursday on bribery charges.
Bankman-Fried is accused of bribing a Chinese government official 40-million-bucks in 2021 when he was the FTX CEO.
The new indictment alleges Bankman-Fried directed an employee to bribe the official after Chinese authorities froze several of his accounts worth more than one-billion-dollars. He's already waiting trial after being hit with a list of charges due to the collapse of FTX, formerly one of the globe's biggest cryptocurrency firms.
He's expected to face trial on these new charges in October.