"Prosecutors Drop Second Trial Against Crypto Mogul Sam Bankman-Fried Amid Controversy"

U.S. prosecutors have decided not to pursue a second trial against Sam Bankman-Fried, the founder of the now-bankrupt FTX cryptocurrency exchange, who was convicted on all seven counts of fraud and conspiracy last month. The decision was made in the interest of a prompt resolution and because a second trial would not impact the sentencing, which is set for March 28, 2024. Bankman-Fried, who could face decades in prison, is expected to appeal his conviction. The additional charges, including campaign finance violations and conspiracy to operate an unlicensed money transmitting business, will not be pursued at this time, partly because the evidence was largely presented during the first trial.