Sam Bankman-Fried’s trial is completed, and he was discovered guilty on seven charges. However 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 further expenses, 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 “form 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 might be challenges to that.