🚨 The United States accuses former FTX CEO Sam Bankman-Fried (SBF) of an illegal campaign financing scheme.
- The US Department of Justice plans to bring 7 charges against SBF at trial in October.
- Prosecutors will review evidence of the illegal scheme as part of the existing fraud charges.
- SBF was arrested in December 2022 and extradited to the United States to face charges related to the collapse of the FTX crypto exchange.
- The first trial of SBF on 7 charges will begin in October 2023, the second trial on 5 charges will begin in March 2024.
— Prosecutors are seeking to revoke SBF's bail after he gave an interview to the New York Times and provided information about the private diaries of his former colleague and friend Caroline Ellison.