According to Bloomberg, U.S. prosecutors have requested the seizure of cryptocurrencies related to Sam Sam Bankman-Fried's bribery allegations. The government claims that the digital currency is in an account related to bribery of Chinese officials before FTX collapsed. As of December 12, 2023, the account held $8.6 million, and is currently worth about $18.5 million due to the increase in the value of assets held in the past 11 months. The account contains Solana, Cardano, Ripple, Internet Computer, and Avalanche cryptocurrencies.
Previously, prosecutors said in now-dismissed charges that Chinese law enforcement froze accounts held by FTX-affiliated trading fund Alameda Research at two Chinese crypto exchanges in early 2021. SBF authorized a $40 million bribe to unfreeze $1 billion in Chinese accounts.
