Sam Bankman-Fried, the co-founder of FTX and former prominent figure in the cryptocurrency realm, will not undergo a second trial on additional charges. Prosecutors informed US District Judge Lewis Kaplan that, for the sake of expediency, they would abandon plans to try Bankman-Fried on charges including conspiracy to bribe foreign officials, commit bank fraud, and operate an unlicensed money transmitting business. The 31-year-old entrepreneur was recently convicted of seven counts of fraud and conspiracy, potentially facing decades in prison as a result.