FTX Founder Sam Bankman-Fried Spared From Second Trial

All evidence has been presented in this case and a prompt sentence is in the public interest, the prosecutors said in a letter to the judge.

Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court in New York City, on Aug. 11, 2023. Michael M. Santiago/Getty Images

The government will not seek a second trial on temporarily dropped charges against the FTX founder Sam Bankman-Fried, prosecutors told the federal judge on Friday.

All evidence has already been presented before the judge, and a second trial will not change the potential jail time for the disgraced cryptocurrency entrepreneur, the prosecutors said.