The Crypto CrisisFallout from FTX

Sam Bankman-Fried Could Have Some Charges Dropped if Bahamas Objects

U.S. prosecutors say they wouldn’t pursue some criminal counts against the FTX founder if the island nation says they violate the terms of his extradition

More than a year before its collapse, FTX moved its headquarters to the Bahamas—a country that worked to lure crypto companies to its shores. So what makes the nation attractive to crypto? And how could FTX’s demise change that? Illustration: Adele Morgan

The Justice Department said it would drop some of the criminal charges against FTX founder Sam Bankman-Fried if the Bahamas says they violate the terms of his extradition to the U.S. 

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