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CryptoCurrency

Bankman-Fried Charged With Making Millions In Political Donations With Stolen Customer Money

View Source | August 14, 2023 6:32 pm

  • Cryptocurrency trader Sam Bankman-Fried used stolen customer money to make over $100 million in political campaign contributions during the 2022 midterm election cycle, federal prosecutors said Monday in a new indictment.
  • The new indictment charges the FTX cryptocurrency exchange founder and former billionaire with seven counts of conspiracy and fraud over the collapse of the exchange.
  • The 31-year-old has previously pleaded not guilty to charges of stealing billions in FTX customer funds to plug losses at Alameda Research, his crypto-focused hedge fund.
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