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Former cryptocurrency billionaire Sam Bankman-Fried in jail after bail revoked

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Former cryptocurrency billionaire Sam Bankman-Fried in jail after bail revoked

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(CNN)Federal prosecutors in Manhattan filed another indictment against FTX co-founder Sam Bankman-Fried Monday, dropping another count against him.

Prosecutors had previously indicated their plans to drop the one count of conspiracy to make unlawful campaign contributions against Bankman-Fried last month in a letter to the court.

"The Government has been informed that The Bahamas notified the United States earlier today that The Bahamas did not intend to extradite the defendant on the campaign contributions count. Accordingly, in keeping with its treaty obligations to The Bahamas, the Government does not intend to proceed to trial on the campaign contributions count," prosecutors wrote in the July letter.

Sam Bankman-Fried is sent to jail over alleged witness tampering

This is the second time prosecutors are culling charges that Bankman-Fried will face at his trial -— set for October — due to diplomacy issues with the Bahamas, where he was arrested last year.

Prosecutors opted in June to sever five other charges against Bankman-Fried that were not included in his extradition from the Bahamas.