Prosecutors unlikely to offer Sam Bankman-Fried a favorable plea deal, says lawyer By Cointelegraph



Former FTX CEO Sam Bankman-Fried may not be able to offset the two counts of wire fraud and six counts of conspiracy he faces with the credits to be received if he enters a guilty plea instead of going to trial.

Set to appear in court in the first days of January to enter a plea, Bankman-Fried would be “unlikely to receive a favorable deal from prosecutors,” argued Mark Kasten, counsel in Buchanan Ingersoll and Rooney’s Blockchain and Crypto Assets practice group.

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