Posted 10/13/2023, 2:12:07 PM
SBF Accused of Bribing Chinese Officials, Crypto Exchange Clarifies Account Freezes to Comply with Sanctions
- SBF allegedly bribed Chinese officials $150M to unfreeze accounts frozen in money laundering probe
- Binance clarified it only freezes accounts of Hamas users, not all Palestinians, to comply with sanctions
- Chinese court ruled crypto lending invalid as underlying assets are illegal per China's crypto ban
- Second Chinese court echoed earlier ruling that crypto lending contracts are unenforceable
- Hacker returned $8M stolen from Huobi exchange after de facto owner Justin Sun offered bounty
