DOJ Seeks Specialty Waiver  From The Bahamas For Allegations Against SBF

Key Points:

• The US Department of Justice (DOJ) has requested a Bahamas specialty waiver after Sam Bankman-Fried (SBF) proposed new criminal charges against him for violating an extradition agreement.
• Some charges could be dropped if the Bahamas objected.
• Previously, the SBF had denied 10 out of 13 criminal charges against him.

The US DOJ said it would drop some criminal charges against FTX founder Sam Bankman-Fried if the Bahamas said it violated the terms of his extradition to the US.

Former FTX SBF CEO has challenged his criminal charges after being extradited from the Bahamas. The US Department of Justice is seeking a specialty waiver from the Bahamas to allow certain cases to proceed.

Since the SBF was extradited last December, prosecutors have filed a number of alternative indictments against him on new charges.

SBF, which has pleaded not guilty to criminal charges, including bank fraud, is awaiting trial in October. The crypto prodigy was formally arrested in the Bahamas and later extradited to the United States, where he is currently located under house arrest at his parents’ home in California.

The FTX founder recently countered a number of criminal charges against him, arguing that the government had “inappropriately added” “several new, unrelated allegations without concurrence.” that was the clear intention of the Bahamian government.” He has offered to dismiss 10 of the 13 criminal charges against him.

US prosecutors say they will not pursue certain charges against the founder of FTX if the island nation says they violated the terms of his extradition. They acknowledged in court documents filed Monday that some charges could be dropped if the Bahamas objected.

Although prosecutors argued that Bankman-Fried could not challenge the charges based on his extradition, they noted that the Bahamian government could prevent parts of the case from continuing. The judge is expected to hear arguments on the matter on June 15.

Prosecutors said the Bahamas was the only party involved in the Bankman-Fried trial that could raise valid objections to the newer charges on grounds related to the extradition agreement.

Coincu will continue to update the situation related to Sam Bankman-Fried, you can find out more information through this article.

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