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Bahamas Supreme Court Allows FTX Founder Sam Bankman-Fried to Challenge New Charges by US Prosecutors

According to Cointime news on June 14th, The Supreme Court of the Bahamas has granted FTX founder Sam Bankman-Fried permission to challenge new charges of bank fraud and bribery, in addition to the original charges of wire fraud and money laundering, brought against him by US prosecutors. The new charges were added after FTX collapsed last year. The court ruled that some charges could be dropped as they were not included in the original indictment that served as the legal basis for Bankman-Fried's extradition to the US. Bankman-Fried's lawyer intends to file an application for judicial review as directed by the Supreme Court and to continue pursuing his legal rights in The Bahamas.

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