After pleading guilty to federal fraud charges on November 2, the former FTX CEO Sam “SBF” Bankman-Fried No post-examination proposal will be taken forward.
In a December 1 letter to Judge Lewis Kaplan in the United States District Court for the Southern District of New York, lawyers representing Bankman-Fried Said He “decided not to file any post-trial motions” but reserved his rights to pursue claims on appeal. The filing was the latest after SBF Punishment on 2nd November Because he is awaiting sentencing on March 28.
It’s unclear whether prosecutors plan to pursue a second trial of Bankman-Fried in March. The indictment of the former FTX CEO was split so that he faced 7 counts in October and 5 charges in March, but after the guilty verdict in November, SBF could already face decades behind bars.
After the jury’s verdict was announced, Bankman-Fried was returned to the Brooklyn Metropolitan Detention Center, where he is expected to remain until sentencing. On November 30, crypto blogger Tiffany Fong Interviewed a former mob enforcer, Jean Borrello, who reported on some of the SBF’s experiences in prison. Borrello claimed that another inmate attempted to extort the former FTX CEO.
Bankman-Fried was one of the first high-profile crypto executives to face criminal charges in the United States. Authorities arrested Alex Mashinsky, former CEO of Celsius, in July, and at the time of publication, he was remains free on bail Until his September 2024 criminal trial. Changpeng Zhao, who resigned as CEO convicted of a felony As part of the agreement between US authorities and Binance, sentencing will take place in February.