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Sam Bankman-Fried’s trial is finished, and he was discovered guilty on seven charges. However it’s not over but for the previous FTX CEO.
Bankman-Fried gained’t be sentenced until March 28, however he additionally has a second trial, at present scheduled for March 11, the place he faces further fees, together with for international bribery. The U.S. Division of Justice has till February 1 to resolve 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 “type of standard knowledge” would suppose the federal prosecutors and Bankman-Fried would agree on a settlement, however Quigley mentioned on TechCrunch’s Chain Reaction podcast that there could possibly be challenges to that.
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