Sam Bankman-Fried will not face a second trial: Report
United States prosecutors believe there would be no additional evidence to present in a second trial against former FTX CEO Sam Bankman-Fried.
United States prosecutors have reportedly dropped a second trial against Sam Bankman-Fried, the former CEO of bankrupt cryptocurrency exchange FTX.
According to a Reuters report published on Dec. 29, many stakeholders hope to resolve the trial as quickly as possible.
Referring to a court filing, prosecutors stated that the public interest “weighs particularly heavy here,” as victims are eagerly awaiting details about compensation for their FTX accounts following its collapse in November 2022.
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