After founding FTX in 2019, Bankman-Fried rode a boom in the value of Bitcoin and other digital assets to attain an estimated $26 billion net worth.
The exchange collapsed in November amid a flurry of customer withdrawals over concerns the exchange was commingling assets with Alameda.
Bankman-Fried’s new indictment details how he allegedly used stolen FTX customer funds to plug losses at Alameda and fund donations, “exploiting the trust that FTX customers placed in him and his exchange.”
The additional charges include conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transmitting business.
Prosecutors said Bankman-Fried told a unnamed California bank that he wanted to open an account for a trading company, when in fact he would use the account to process deposits and withdrawals for FTX customers.
The bank had previously told him it was unwilling to process such transactions, prosecutors said.
Alameda’s former chief executive, Caroline Ellison, and a former FTX executive, Gary Wang, pleaded guilty to fraud charges in December and agreed to cooperate with the investigation.
