US Asks to Seize Crypto Tied to Bankman-Fried Bribery Charge

The US isn’t through trying to seize cryptocurrency tied to Sam Bankman-Fried a year after he was convicted of masterminding a massive fraud at his FTX exchange.

In a court filing Tuesday in New York, prosecutors sued to obtain digital currency that the government said was in an account connected to bribes paid to Chinese officials before FTX collapsed. The account, which held $8.6 million as of Dec. 12, 2023, is currently worth about $18.5 million, due to a run-up in the value of the holdings in the last 11 months.

Bankman-Fried is serving a 25-year prison sentence for using ...