Prosecutors will doubtless proceed with SBF’s second trial in March

Sam Bankman-Fried’s trial is finished, and he was discovered responsible on seven prices. Nevertheless 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 extra prices, 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 “sort of typical knowledge” would assume the federal prosecutors and Bankman-Fried would agree on a settlement, however Quigley mentioned on starcrypto’s Chain Response podcast that there could possibly be challenges to that.