Bankman-Fried Case Testimony Reveals Alleged $1 Million China Bribe

Sam Bankman-Fried was found guilty of stealing billions of dollars Thursday. But reports say there's more to the case than fraud and money laundering—and it's tied to China. Mr. Bankman-Fried is the founder and CEO of cryptocurrency exchange FTX and linked crypto trading company Alameda Research. According to testimony from ex-Alameda CEO Caroline Ellison, Mr. Bankman-Fried allegedly directed staff to deliver a bribe "in the ballpark of a hundred million dollars" to Chinese state officials.