The US government is attempting to gain control of a crypto account linked to Sam Bankman-Fried, who allegedly used it to bribe Chinese officials before the collapse of FTX in 2022. The account is currently valued at $18.5 million and contains various cryptocurrencies, including Solana, Cardano, Ripple, Internet Computer, and Avalanche. Prosecutors claim that the account was tied to a $40 million bribe authorized by Bankman-Fried. Bankman-Fried is currently serving a 25-year sentence and has filed an appeal to overturn his fraud and conspiracy convictions. The fallout from the FTX collapse continues, as Caroline Ellison, former CEO of Alameda Research, received a two-year sentence for her role in the scandal. FTX has launched multiple lawsuits, including against Binance and its former CEO, in an effort to recover funds to repay customers and creditors.



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