The Department of Justice decision not to pursue further charges against convicted FTX founder Sam Bankman-Fried sparked backlash in crypto circles. Critics like oinbase">Coinbase’s legal chief say dropping counts of campaign finance misconduct represents a “miscarriage of justice” cheating the public of a full airing.
Online investment platform BnkToTheFuture’s co-founder noted the move also prevents scrutiny of politicians and clawbacks leading into 2024 elections. Prior to FTX’s collapse, Bankman-Fried said he donated over $100 million to political causes and anticipated spending $1 billion more.
While adding charges wouldn’t impact prison time recommendations, critics contend the public interest merits transparency on what politicians and institutions knew regarding FTX’s criminal machinations. They argue dropping counts violates justice principles, perhaps shielding complicit individuals.
The anger spotlights perceived unresolved questions around how far FTX’s tentacles secretly spread through the political sphere. As victims still seek recompense, calls remain for shining light on Bankman-Fried’s dubious networks of influence.
