Sam Bankman-Fried, a former billionaire and founder of the cryptocurrency exchange FTX, will not be facing a second trial, as decided by U.S. prosecutors. Bankman-Fried was convicted last month for defrauding FTX customers. What Happened: The prosecutors submitted a letter to a Manhattan federal court on Friday, Reuters reported. They stressed that the case’s quick resolution was in the “strong public interest,” outweighing the need for a second trial. See Also: FTX Bankruptcy Motion Aims To Establish Standard Method For Valuing Debtor Claims The 31-year-old was declared guilty on all seven co…
