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According to court filings, why did FTX owner Sam Bankman Fried bribe Chinese officials?

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According to court filings, why did FTX owner Sam Bankman Fried bribe Chinese officials?

In 2021, Sam Bankman-Fried instructed those working for him to pay a bribe of $40 million to one or more Chinese officials to help unfreeze trading accounts maintained by FTX’s sister company, Alameda Research, that held up to $1 billion in cryptocurrencies. Bankman-Fried was charged with 13 criminal counts, including foreign bribery, on March 28, 2023.

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