​The U.S. Justice Department Awaits Bahamas Response Regarding | Crypto Shake

​The U.S. Justice Department Awaits Bahamas Response Regarding New Charges Against Sam Bankman-Fried

The charges that could be dropped include those related to bank fraud, operating an unlicensed money transmitting service, and a case of bribery of a Chinese official, court documents filed on Monday shows.

The reason given for why some charges could be dropped if Bahamas objects to them is that they could violate the terms of Bankman-Fried’s extradition since they were not included in the original indictment that served as the legal basis for Bankman-Fried’s extradition to the US.

The former FTX boss was arrested in the Bahamas in December of 2022, and shortly after extradited to the United States under a special agreement between the two countries.

According to the agreement, individuals who are extradited can only be tried and punished for crimes that the extraditing country – in this case the Bahamas – has agreed to.