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Controversial Decision Drops Charges Against Sam Bankman-Fried

Controversial Decision Sparks Criticism from Prominent Figures

  • Recently, US prosecutors dropped the remaining charges against Sam Bankman-Fried.
  • Robert F. Kennedy Jr. and Coinbase’s legal director criticize the decision.
  • The crypto community expresses concerns over the non-prosecution of illegal political donations charge.

Controversial Decision

The decision by prosecutors to cancel the second trial of Sam Bankman-Fried, former CEO of FTX exchange, has faced criticism from prominent figures such as Robert F. Kennedy Jr., a presidential candidate, and Paul Grewal, Coinbase’s legal director.

“No one is even surprised. THIS is a more serious problem than the fraud itself. It shows how normalized corruption has become,” said Robert F. Kennedy Jr.

Both individuals denounced the dropping of the charge related to illegal political donations (bribes), emphasizing the importance of transparency in campaign financing. The crypto community also expresses concern about the impact of this decision on the perception of justice and corruption in the cryptocurrency sector.

Second Trial Deemed “Unnecessary”

As a reminder, it was recently announced that Sam Bankman-Fried will not be tried a second time in March.

The remaining charges, including foreign corruption and bank fraud, have been dropped. This decision was made by prosecutors, led by Damian Williams, the US Attorney for the Southern District of New York.

They also decided not to pursue a charge related to bribes to political figures due to a dispute with the Bahamas over Bankman-Fried’s extradition.

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