Recently, an on-chain investigation conducted by cryptocurrency influencer DeFiSquared has revealed a potential bribery scandal involving Sam Bankman-Fried and the Chinese government. The investigation was triggered when DeFiSquared noticed over 1000 Wrapped Bitcoin (WBTC) being moved from a tagged Multichain exploiter address to a new address, which quickly converted it to USDT.
Moreover, the new address laundered the funds using a Gate IO account with a deposit address. Interestingly, the same address previously received a 40 million USDT transaction from collapsed crypto exchange FTX. This has led to allegations that Sam Bankman-Fried attempted to bribe the Chinese government with $40 million.
It is important to note that Multichain, the platform mentioned in the investigation, recently stopped operating after incurring a $126 million loss due to an exploit. Following this, its CEO was taken away by Chinese police, and her devices and wallets were confiscated. Subsequently, rumors have been circulating that the Chinese government may have taken possession of Multichain funds. The trail of funds found during the investigation appears to support these rumors.
Furthermore, the recent liquidation of the funds raises suspicions that the authorities do not plan to return them. It is important to remember that the accuracy of these claims has not been confirmed independently and is solely based on DeFiSquared’s investigation.