Bankman-Fried, the CEO of FTX, has been accused of bribing Chinese officials. The allegations were made in a report by a Chinese media outlet, which claimed that Bankman-Fried had bribed officials in order to secure regulatory approval for FTX's operations in China.

U.S. prosecutors unveiled a new indictment against FTX founder Sam Bankman-Fried Wednesday, adding a bribery charge on top of the 12 other charges he already faced.

The Chinese government has been proactively pursuing advancements in its blockchain sector and aims to upgrade its industry development standards by 2025.

FTX founder Sam Bankman-Fried's lawyers have reportedly reached a new bail agreement with US prosecutors, allowing him to stay at home while restricting the use of some electronic devices and apps. Proposed new conditions would prohibit Bankman-Fried from using a smartphone with internet access or any apps other than voice calls and text messaging, and require him to use a basic laptop with limited functions and monitoring software to track user activity. The use of any other electronic communication devices would be forbidden. The agreement is yet to be approved by US District Judge Lewis Kaplan, who is overseeing Bankman-Fried's case.

Lawyers for Sam Bankman-Fried, the founder of FTX, have agreed on new bail conditions with U.S. prosecutors. The conditions, which were initially proposed earlier this month, include giving Bankman-Fried a new phone without internet access, a laptop with limited functionality, and residing with his parents, who have agreed not to allow him to use their devices or bring unapproved devices into the home.

MicroStrategy has increased its total Bitcoins holdings to 138,955 BTC, purchased for $4.1 billion at an average of $29,817 per coin.

A wallet controlled by the FTX bankruptcy estate has received several tranches of the Arbitrum (ARB) airdrop from wallets linked to Alameda Research, on-chain data shows.

Coinbase CEO Brian Armstrong sold Coinbase shares prior to receiving a warning from the Securities and Exchange Commission (SEC)

On 22 March, the FTX estate filed a motion to enter into a settlement to recover $460 million in assets for stakeholders.

Tesla CEO Elon Musk shared his views on the ongoing crisis surrounding the bank failures. This comes amid heavy criticism on the manner in which banks are handled by regulators. The failure of Silicon Valley Bank and Signature Bank in the United States and the latest emergency merger deal involving Credit Suisse and UBS Group led to massive drop in value for bank stocks across markets. Meanwhile, the crypto market took an inverse correlation to the macro behavior dominated by the news of bank crisis.

Before crypto exchange FTX and its founder Sam Bankman-Fried (SBF) got tied down around allegations of misappropriation of users’ funds, SBF was among the most influential crypto entrepreneurs. Long before FTX collapsed, an allegedly leaked email exchange with a top regulator shows SBF’s intent to get the exchange federally regulated.

According to a letter filed on March 17, Sam Bankman-Fried’s lawyer Christian Everdell both parties are closed to resolution and will present the Court with a proposed order outlining new bail conditions by next week. The lawyers requested specific interim modifications to the proposed bail conditions by the U.S. DOJ prosecutors on March 3.

The collapsed crypto exchange has been steadily transferring out hefty volumes of LUNC from its hot wallet in the last week. At the time of writing, FTX’s balance sheet holds only 66.9 billion LUNC. 

Bankrupt exchange FTX has been sending out its Terra Classic holdings since late February, with the distribution campaign seeing a massive uptick this month. As a result, the embattled platform has transferred over 82.5 billion LUNC tokens in the past week.

Disgraced FTX founder Sam Bankman-Fried and other related executives received $3.2 billion in payments and loans, mainly from FTX-related crypto hedge fund Alameda Research, according to FTX’s new managers.

Bankrupt cryptocurrency exchange FTX transferred $2.2 billion to founder Sam Bankman-Fried through various entities, the firm's new management said.

FTX management said Sam Bankman-Fried (SBF) and other top executives of the bankrupt firm received $3.2 billion in payments and loans — mainly from its sister company, Alameda Research.

FTX and Alameda Research's former top brass received $3.2 billion in payments and loans from FTX-linked entities, according to the FTX administrators handling the firm's restructuring. FTX, now helmed by CEO John Ray III, has been tracking missing funds from the exchange since its collapse, which it estimates to be $8.9 billion in total. According to a March 15 statement from FTX Debtors, financial statements it filed in the Delaware Bankruptcy Court point to billions of dollars worth of loans and payments that allegedly flowed to Sam Bankman-Fried and high-ranking executives, which came mainly from trading house Alameda Research. (Cointelegraph)

Sam Bankman-Fried is seeking the court’s assistance in giving priority to the reimbursement of his legal fees. Sam Bankman-Fried, the CEO of FTX, has been seeking the court’s assistance in prioritizing reimbursing his legal fees.

The majority of the payments, which total approximately $2.2 billion, were made to Sam Bankman-Fried.