FTX Founder Sam Bankman-Fried Won’t Face Second Criminal Trial, U.S. Prosecutors Say

In November, a jury discovered Bankman-Fried responsible of seven counts of wire fraud, securities fraud and cash laundering, amongst different prices. His crimes, which got here to mild in 2022, resulted within the lack of billions of {dollars} price of FTX and Alameda Analysis buyers’ funds, deepening a crypto market downturn that had begun earlier that yr.