Why did FTX go bankrupt?

Before its collapse, FTX was the world’s second-largest crypto exchange and Bankman-Fried was its CEO and a billionaire several times over, at least on paper. FTX entered bankruptcy in November when the global exchange ran out of money after the equivalent of a bank run. Bankman-Fried has pleaded not guilty to the charges.

Will FTX founder Sam Bankman-fried be charged with campaign finance?

Federal prosecutors told a Manhattan judge they wouldn’t pursue a campaign finance charge against FTX founder Sam Bankman-Fried. It’s the second time Manhattan prosecutors have had to forgo charging the billionaire, who is accused of precipitating the collapse of his crypto exchange through a multibillion-dollar fraud.

Why did FTX get delayed?

The prosecutors said the delay was a procedural necessity. This week, Mr. Bankman-Fried won a ruling in the Bahamas, where FTX was based, granting him the ability to argue in court there that the Bahamian government should not consent to the additional charges. That legal dispute could take months to unfold.