Caroline Ellison: Alameda bribed Chinese officials with $100 million to unfreeze Alameda's trading accounts at Huobi and OKX

According to ChainCatcher news, citing testimony from former Alameda Research CEO Caroline Ellison reported by BitMEX Research, in 2021, Alameda Research's trading accounts on the original Huobi and OKX were frozen. Subsequently, they attempted to unfreeze the accounts by hiring lawyers, using various trading strategies, and bribing Chinese government officials.

An employee of Alameda Research, whose father is a Chinese official, opposed the act of bribing Chinese government officials, believing it was a bad idea that would bring trouble to the company. However, SBF insisted that this was the only way to unfreeze the accounts. In November 2021, Alameda Research paid approximately $100 million to Chinese government officials in exchange for the unfreezing of the accounts. This money was divided into multiple parts and sent to various cryptocurrency wallet addresses. According to Caroline Ellison, the account was somewhat connected to Chinese government officials and was likely used for bribery.