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Bankman-Fried Avoids Second Trial As Prosecutors Hope For Forfeiture

NewsTech

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Reading time: 1 min.

FTX Sam Bankman-Fried Sullivan & Cromwell

Former crypto boss Sam Bankman-Fried will not face a second trial in 2024, say prosecutors responsible for convicting him in a myriad of charges ranging from fraud to money laundering. Bankman-Fried's cryptocurrency exchange FTX made headlines last year when it declared insolvency and the inability to return customer deposits. At the heart of the matter was FTX's founder, and his trial saw Bankman-Fried claim innocence about the illegality of his actions. According to prosecutors, they have decided to forgo an additional trial since most of the evidence surrounding the accusations had already been presented in the first proceeding that saw […]

Read full article at https://wccftech.com/bankman-fried-avoids-second-trial-as-prosecutors-hope-for-forfeiture/

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