Prosecutors offer to drop 5 charges against Sam Bankman-Fried if judge sets second trial

1 year ago
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Federal prosecutors told a judge in a letter late Wednesday night that they would agree to drop five of the 13 criminal charges against FTX founder Sam Bankman-Fried if the court would set a second trial for those charges early next year. The move comes as cryptocurrency entrepreneur Bankman-Fried won an initial step towards challenging those additional charges in the Bahamas earlier this week. Bankman-Fried was originally indicted and extradited from the Caribbean nation on eight criminal charges for engaging in what prosecutors allege was one of the largest financial frauds in US history.

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