Compartir este artículo
FTX Founder Sam Bankman-Fried Won't Face Second Criminal Trial, U.S. Prosecutors Say
The lawyers said much of the evidence they planned to introduce in the second trial was already introduced in the first case and can be considered in the sentencing planned for March 2024.
In this article
FTX Founder Sam Bankman-Fried will not face a second criminal trial, federal prosecutors said Friday in a letter filed in New York federal court.
In the letter, prosecutors suggested a second trial would "delay" a "timely and just resolution of the case." The government's lawyers also argued that their original case against Bankman-Fried had already provided ample evidence that the former executive committed a rash of financial crimes during his tenure at FTX, making a second trial largely unnecessary, according to the filing.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
"Given that practical reality, and the strong public interest in a prompt resolution of this matter, the Government intends to proceed to sentencing on the counts for which the defendant was convicted at trial," prosecutors said in the letter to Judge Lewis Kaplan, who presided over Bankman-Fried's first criminal trial last fall.
The letter puts an end to speculation that Bankman-Fried could be tried on additional criminal charges. Earlier this year, law enforcement in the Bahamas, where Bankman-Fried's companies were based, and the U.S. tussled over which country's prosecutors had the right to try the erstwhile FTX CEO.
In November, a jury found Bankman-Fried guilty of seven counts of wire fraud, securities fraud and money laundering, among other charges. His crimes, which came to light in 2022, resulted in the loss of billions of dollars worth of FTX and Alameda Research investors' funds, deepening a crypto market downturn that had begun earlier that year.
Bankman-Fried will be sentenced in March 2024. He faces a maximum prison sentence of more than 100 years.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
Bitcoin Will Replace U.S. Dollar In 10 Years, Says Billionaire VC Tim Draper
Bitcoin will go to “infinity against the dollar because there won’t be a dollar,” AI and genetics will help humans communicate with animals, he told CoinDesk.
Що варто знати:
- Billionaire VC Tim Draper predicts bitcoin will rise to $250,000 by the end of 2025 and replace U.S. dollar dominance within a decade.
- Draper recommends every corporate treasury hold bitcoin reserves to prepare for a run on fiat banks and a global shift to the Bitcoin standard
- Advances in genetics and artificial intelligence will allow humans to communicate with animals.
Top Stories
