"Prosecutors Forego Second Trial for FTX Founder Sam Bankman-Fried"

U.S. prosecutors have decided not to pursue a second trial for Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, who was found guilty of fraud and money laundering. They will move directly to sentencing, citing the strong public interest in a prompt resolution and the sufficiency of evidence from the first trial. Bankman-Fried, who could face up to 110 years in prison, is expected to appeal his conviction. The decision to forgo a second trial is also based on the belief that it would not benefit the victims through forfeiture or restitution and would not alter the potential prison time. Bankman-Fried has been in jail since August and is awaiting sentencing scheduled for March 28.