Since the Bahamas didn’t include the said charge in its extradition treaty, DoJ has decided to drop the charge against FTX’s SBF., the U.S. Department of Justice said it plans to drop the campaign finance charge against Sam Bankman-Fried “SBF,” the disgraced founder and ex-CEO of the bankrupt crypto exchange FTX.
The DoJ informed Judge Lewis Kaplan of the District Court for the Southern District of New York that it did “not intend to proceed” with the aforementioned charge against SBF. It took the decision after consulting with the Bahamas if it included this specific charge in the extradition document last year.The Department initially wanted to press the campaign finance charge against SBF.
The court has set up a schedule for both the contending parties to submit written submissions on the matter. Furthermore, the court has issued an interim gag order that stops SBF from communicating publicly.The bankrupt crypto exchange’s campaign finance activities have been . Out of the $70 million that FTX contributed to political efforts, $41.6 million went to Democratic efforts. In contrast, Republican outfits received close to $20 million in donations.