Sam Bankman-Fried spared second trial on remaining charges

Fallen cryptocurrency king Sam Bankman-Fried won’t face a second trial on additional charges after the co-founder of FTX was convicted of a massive fraud last month, prosecutors told a judge.

The government told US District Judge Lewis Kaplan in a letter Friday that in the interest of expediency it would drop plans to try Bankman-Fried for conspiracy to bribe foreign officials, commit bank fraud and operate an unlicensed money transmitting business, among other charges.

Bankman-Fried, 31, was found guilty of seven counts of fraud and conspiracy and faces the possibility of decades in prison.