Prosecutors say they won't pursue a second Sam Bankman-Fried trial

Accused FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City on July 26, 2023.

Amr Alfiqi | Reuters

Prosecutors have decided not to pursue a second trial against disgraced FTX founder Sam Bankman-Fried.

In a memo to Judge Louis Kaplan on Friday, the US government explained that the decision to avoid the second set of proceedings was related to the fact that most of the evidence that would be presented in the second trial had already been presented. Court during Bankman-Fried's first criminal trial.

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