AMR ALFIKY/Reuters
Campaign finance charges against fallen FTX founder Sam Bankman-Fried will be dropped, federal prosecutors revealed Wednesday.
Bankman-Fried was slapped with charges including wire fraud, conspiracy to commit money laundering, conspiracy to commit securities fraud, and campaign finance violations in December after the crumbling of FTX, a cryptocurrency exchange. That month, he was extradited to the United States from the Bahamas, where his company was based.
But in a Wednesday court filing, prosecutors said officials in the Bahamas didn’t intend to extradite him on the campaign finance charges.