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