Sam Bankman-Fried (SBF) won a narrow victory in court in the Bahamas on June 13th. A court has temporarily blocked the Attorney General of the Bahamas from agreeing to additional charges to SBF’s U.S. indictment after he was turned over in December 2022, Bloomberg reports. report.

In February, U.S. prosecutors added four new charges, including illegal political contributions, to the eight existing fraud charges. In March, prosecutors Paid The SBF has offered bribes to Chinese officials, bringing the total to 13 charges.

The FTX exchange co-founder insisted the new charges were not part of the deal to return to the United States.

New York federal prosecutors said they would pursue new charges with the consent of the Bahamas Attorney General. But the move was blocked in another filing.

Bahamas Judge Lauren Klein said the SBF has the right to a hearing on whether the attorney general should agree to the recent US charges, according to the report. The judge said it was “procedurally unfair” for the SBF to refuse an opportunity to state its case.

The SBF filed its case in a Bahamian court on June 7, a day after the Attorney General said in an email that the matter of the complaint would be decided between the two governments. Attorneys for SBF will argue for the new charges to be ruled out at a hearing before U.S. District Judge Louis Kaplan on June 15.

The Manhattan U.S. Attorney’s Office told Bloomberg it would drop additional charges if the Bahamas Attorney General disagrees.

It is not yet clear what impact the Bahamian government’s decision will have on the US prosecution of SBF. He is scheduled to go on trial in October and is currently free on $250 million bail.Lawsuit in Bahamas could delay his case in the US

A post-Bahamas court has ordered a reconsideration of US charges filed after the SBF extradition was first posted on CryptoSlate.

By Jules

Leave a Reply