The Department of Justice has dropped its campaign finance violation charge against disgraced FTX founder and Biden donor Sam Bankman-Fried.

Following the November 2022 collapse of his former cryptocurrency exchange FTX, Democratic megadonor Bankman-Fried was hit with eight charges of fraud and conspiracy, including a campaign finance charge.

U.S. Attorney Damian Williams of the Southern District of New York wrote in a December 2022 letter to District Judge Ronnie Abrams, “The Government expects the evidence will show that the defendant violated campaign finance laws by causing political contributions to candidates and committees … to be made in the names of co-conspirators, when in fact those contributions ere funded by Alameda Research with misappropriated customer funds.”