"Prosecutors Forego Second Trial for FTX Founder Sam Bankman-Fried Amid Criticism"
The US has decided not to pursue a second trial against FTX co-founder Sam Bankman-Fried, who was convicted of wire fraud and money laundering, among other charges. This decision was made to avoid delaying the sentencing and restitution process for the victims of the FTX fraud. Bankman-Fried's sentencing remains scheduled for March 28, where he faces a maximum sentence of 110 years. The US attorney cited the strong public interest in a prompt resolution and the overlap of evidence from the first trial as reasons for dropping the second trial. Bankman-Fried has been accused of misappropriating billions of dollars from FTX customers and attempting to influence cryptocurrency regulation through campaign contributions.