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U.S. drops new charges against Sam Bankman-Fried, defers to original charges for now.

1 min read
Source: CNBC
U.S. drops new charges against Sam Bankman-Fried, defers to original charges for now.
Photo: CNBC
TL;DR Summary

Federal prosecutors have asked a judge to remove five charges against FTX founder Sam Bankman-Fried, including bribery of a foreign government official, after a Bahamas court ruling cast doubt on whether the US government had followed the correct procedure for bringing the charges against the former billionaire. The charges have been "severed," or punted to 2024, giving the federal government ample time to ensure the conditions of the US-Bahamas extradition treaty have been met, and to satisfy concerns from the Bahamas government.

Topics:business#bribery#crypto-fraud#cryptocurrency#extradition-treaty#ftx#sam-bankman-fried
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  1. U.S. withdraws new charges in Sam Bankman-Fried case, punts them to 2024  CNBC
  2. In Sam Bankman-Fried Case, U.S. Withdraws New Charges  The New York Times
  3. Prosecutors offer to drop 5 charges against Sam Bankman-Fried if judge sets second trial  CNN
  4. Prosecutors ask to remove new Bankman-Fried charges from October trial  Reuters
  5. U.S. Justice Department Agrees to Try Sam Bankman-Fried on Original Charges Only for Now  CoinDesk

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