As the saying goes, “It never rains but it pours.” On top of the recent bail revocation and jail sentence, Sam Bankman-Fried (SBF), the founder and ex-CEO of FTX, has now found himself entangled in legal intricacies as charges of illicit campaign financing activity come to the fore.

A superseding indictment, officially filed yesterday, serves as the instrument of these allegations. According to the prosecution's narrative, SBF stands accused of orchestrating a series of financial manoeuvres that exceeded $100 million, all directed towards both Democratic and Republican campaigns. The underlying motive appears to be the influencing of cryptocurrency regulatory frameworks and these substantial sums are purported to have been sourced from customer deposits.