FTX US Prosecutors Call for Another Trial Amid Bankman-Fried's New Charges

The legal saga surrounding FTX founder Sam Bankman-Fried continues to unfold. Specifically, US prosecutors have called for another trial amid Sam Bankman-Fried's new charges. The move comes after Bankman-Fried's initial conviction on fraud charges related to the collapse of the cryptocurrency exchange.

Among those charges are foreign bribery, bank fraud, and more, as they were filed NEW YORK (AP)A second trial of FTX founder Sam Bankman-Fried on charges not in the cryptocurrency fraud case presented to a jury that convicted him in November is not Bankman-Fried is facing a total of 13 charges relating to fraud, fraud conspiracy and bribery. A trial for all the charges was scheduled to begin on Oct. 2. Five of these involve allegations that were not presented during the first trial.

Why are prosecutors pushing for a second trial? The core reason lies in the additional charges levied against Bankman-Fried that were not part of the original case. These new allegations, including foreign bribery and further instances of bank fraud, warrant a separate legal proceeding, according to the prosecution.

This potential second trial could further complicate Bankman-Fried's legal battles and significantly impact the outcome of his sentencing. Stay tuned for more updates as this complex case continues to develop.