Double trouble: FTX founder Sam Bankman-Fried faces two criminal trials

Criminal charges versus FTX co-founder Sam Bankman-Fried have been split, with the previous CEO now facing 2 different trials for his alleged mismanagement of the crypto exchange.Bankman-Fried is facing a total of 13 charges associating with scams, fraud conspiracy and bribery. A trial for all the charges was arranged to begin on Oct. 2. Five of those charges will now be divided off into a second trial on March 11, 2024, according to a June 15 judgment from United States District Court Judge Lewis Kaplan.The complete text of Judge Kaplans June 15 order. Source: CourtListenerOriginally the FTX founder was extradited to the U.S. in December 2022 on eight charges, with additional indictments adding another five charges in February and March 2023. The charge split comes as DOJ district attorneys requested a waiver from Bahamian authorities to attempt Bankman-Fried on the five surcharges they enforced after his extradition from the nation. Lawyers for the FTX co-founder tried to dismiss those charges saying he could not be attempted on charges made after the extradition.Related: Exchanges promised $2.5 B to user protection funds amidst FTXs collapse: ReportOn June 14, DOJ lawyers said they would continue to try Bankman-Fried on the original 8 charges they leveled against him pointing out a possibly prolonged procedure if the court was to await the approval of a movement submitted by Bankman-Fried in The Bahamas.The new trial in March will concentrate on the charges of bribery conspiracy, conspiracy to run an unlicensed money-transmitting company, bank scams conspiracy together with derivatives and securities fraud.The other charges relate to various wire, derivates and securities scams and conspiracy apparently carried out at FTX and Alameda Research together with accusations of money laundering.Web3 Gamer: Ethical SBF video game axed, Web3 games sign-up procedure sucks, Tomb Chaser