FTX founder Sam Bankman-Fried arrives at Manhattan federal court on Wednesday.
AP
BUSINESS
Federal Prosecutors Drop Campaign Finance Charges Against SBF
Catching you up: Last December, Mr. Bankman-Fried faced charges of fraud and campaign finance violations after the abrupt collapse of his cryptocurrency exchange, FTX. Following his prompt extradition to the United States from the Bahamas, where FTX was headquartered, legal proceedings commenced to officially the once-billionaire of crimes ranging from campaign finance fraud, to using investor money for personal gain.