US offers to drop some charges for now against Sam Bankman-Fried
Sam Bankman-Fried, who has pleaded not guilty, is scheduled to stand trial in October. Federal prosecutors in New York said they would drop several criminal charges , at least for now, against disgraced crypto executive Sam Bankman-Fried if the judge agrees to try him later on those charges . The offer to sever five of the 13 charges followed a ruling earlier this week in the Bahamas that allows Bankman-Fried to challenge the additional charges. A prosecutor said during a hearing Thursday it was uncertain when the Bahamas would decide whether to consent to the new charges, which included bank fraud and an allegation Bankman-Fried bribed the Chinese. "Severing those counts seems to be appropriate given the developments in the Bahamas this week," the prosecutor, Nathan Rehn, said. MORE: FTX crypto collapse: Sam Bankman-Fried seeks to dismiss most criminal charges Bankman-Fried, who has pleaded not guilty, is scheduled to stand trial in October. Rehn said prosecutors would not p...