FTX founder Sam Bankman-Fried now faces two criminal trials

Criminal charges against FTX co-founder Sam Bankman-Fried have been split, with the previous CEO now dealing with 2 different trials for his supposed mismanagement of the crypto exchange.Bankman-Fried is dealing with an overall of 13 charges relating to scams, fraud conspiracy and bribery. Source: CourtListenerOriginally the FTX creator was extradited to the U.S. in December 2022 on eight charges, with further indictments adding another five charges in February and March 2023. Legal representatives for the FTX co-founder attempted to dismiss those charges stating he might not be attempted on charges made after the extradition.Related: Exchanges promised $2.5 B to user protection funds in the middle of FTXs collapse: ReportOn June 14, DOJ attorneys said they would proceed to attempt Bankman-Fried on the original eight charges they leveled against him citing a possibly prolonged procedure if the court was to wait for the approval of a movement submitted by Bankman-Fried in The Bahamas.The brand-new trial in March will focus on the charges of bribery conspiracy, conspiracy to run an unlicensed money-transmitting service, bank fraud conspiracy along with securities and derivatives fraud.The other charges relate to various wire, derivates and securities fraud and conspiracy allegedly brought out at FTX and Alameda Research along with allegations of money laundering.Web3 Gamer: Ethical SBF game axed, Web3 games sign-up procedure draws, Tomb Chaser