By Jim Hoft
Aug. 2, 2023 7:15 am
The bankrupt cryptocurrency exchange FTX has officially confirmed its plans to relaunch following the announcement that the government would drop a federal charge against its founder Sam Bankman-Fried.
The announcement comes after federal prosecutors on Thursday dropped a federal campaign charge against FTX founder Sam Bankman-Fried.
The feds said they dropped the campaign finance charge against the crypto scammer and Democrat donor due to a ‘procedural failing.’
Sam Bankman-Fried, a 30-year-old Democrat darling, spent more than $40 million to fund the midterms with his Ponzi scheme through the crypto exchange he founded (FTX). Up to $2 billion is ‘missing’ after FTX collapsed last year.
The plans were unveiled by the bankruptcy administrators, with John J. Ray III, appointed CEO in the aftermath of FTX’s collapse in November 2022, leading the charge.