Attorneys Office for the Southern District of New York charged the disgraced crypto executive with eight criminal counts: conspiracy to commit wire fraud and securities fraud, individual charges of securities fraud and wire fraud, money laundering and conspiracy to avoid campaign finance regulations.
"This is really just old fashioned embezzlement.
Old school, old school."
The Senate Banking Committee had also asked Bankman-Fried to testify at a Wednesday hearing that he previously refused to attend.
Ryan Salame, the co-CEO of FTX Digital Markets, donated another $23 million, with the majority of his contributions heading toward Republicans.