US prosecutors declare SBF will not see a second trial: Report

SFCPublished on 2023-12-29Last updated on 2023-12-31

Abstract

United States prosecutors have reportedly asserted it is unlikely that former CEO of the now-defunct cryptocurrency exchange FTX, Sam Bankman-Fired, will see a second trial. 

United States prosecutors have reportedly asserted it is unlikely that former CEO of the now-defunct cryptocurrency exchange FTX, Sam Bankman-Fired, will see a second trial. 
According to a Reuters report published on December 29, many stakeholders are hoping to see the trial be resolved as quickly as possible. 
Furthermore, it stated that there wouldn’t be enough new evidence to present, as most of the evidence has already been revealed during the first trial.
Bankman-Fried’s sentencing date is scheduled for March 28,2024.
This is a developing story, and further information will be added as it becomes available.

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