Sam Bankman-Fried, the former cryptocurrency billionaire, faces new accusations related to his alleged attempt to free $1 billion in frozen crypto from Chinese exchanges. Blockchain investigator ZachXBT has revealed that a $40 million transfer appears to have been made to Chinese authorities in a bid to unblock these funds. This follows an appeals hearing where SBF’s legal team is pushing for a new trial, citing alleged bias and questioning the basis of his conviction. In court filings, prosecutors allege that Bankman-Fried conspired with associates to bribe Chinese officials for access to these frozen assets. Notably, blockchain analysis has shed further light on the alleged bribe, tracing funds through multiple wallet interactions before reaching the final recipient. The renewed accusations come amidst a wider legal battle regarding the collapsed FTX exchange and its ties to China. This case raises questions about the extent of Bankman-Fried’s efforts to secure access to his vast assets following the exchange’s downfall.