Prosecutors won’t pursue second trial against FTX founder

The U.S. Department of Justice (DOJ) has declared its decision to abstain from pursuing a second trial against Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX. Last year, Bankman-Fried was convicted on seven criminal charges related to the collapse of FTX and its associated hedge fund, Alameda Research, in 2022.