U.S. prosecutors have dropped a campaign finance charge against Sam Bankman-Fried, founder of cryptocurrency exchange FTX, marking the second time that the government has reduced his indictment.
In a July 26 letter to U.S. District Judge Lewis Kaplan, the U.S. Attorney’s Office in Manhattan confirmed that they wouldn’t pursue the charge of conspiracy to complete unlawful campaign contributions, citing the failure to receive permission from the government of the Bahamas for that charge when Mr. Bankman-Fried was extradited in December 2022.
