Bahamas court allows Sam Bankman-Fried to challenge new US charges.

1 min read
Source: Reuters
Bahamas court allows Sam Bankman-Fried to challenge new US charges.
Photo: Reuters
TL;DR

A Bahamas court has temporarily prevented the country's government from allowing US prosecutors to pursue new charges against Sam Bankman-Fried, the founder of now-bankrupt cryptocurrency exchange FTX. The charges were added after his extradition and include foreign bribery, bank fraud, and conspiracy. Bankman-Fried's lawyers have filed papers to dismiss six of the 13 charges he faces, arguing that the Bahamas did not consent to them. The decision could prolong uncertainty over whether Bankman-Fried's scheduled Oct. 2 trial will cover all 13 charges he faces.

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