Sam Bankman-Fried’s trial is finished, and he was discovered responsible on seven costs. But it’s not over but for the previous FTX CEO.
Bankman-Fried received’t be sentenced until March 28, however he additionally has a second trial, at present scheduled for March 11, the place he faces extra costs, together with for overseas bribery. The U.S. Department of Justice has till February 1 to determine whether or not it plans to proceed with that trial. Brendan Quigley, a former prosecutor for the Southern District of New York, thinks prosecutors will proceed with that case.
A “kind of conventional wisdom” would suppose the federal prosecutors and Bankman-Fried would agree on a settlement, however Quigley stated on Ztoog’s Chain Reaction podcast that there may very well be challenges to that.