One of the U.S. prosecutors responsible for prosecuting former FTX CEO Sam "SBF" Bankman-Fried, Danielle Sassoon, testified at a hearing regarding evidence involving a trade by a company executive.

At the hearing held on Thursday at the U.S. District Court for the Southern District of New York, Sassoon testified about the guilty plea of former FTX Digital Markets co-CEO Ryan Salame, who was subsequently sentenced to over 7 years in prison.

According to reports from Inner City Press, Sassoon stated that if Salame agreed to plead guilty, her team "might not continue to investigate (Salame's) conduct." Further investigation into the former FTX executive and his then-girlfriend Michelle Bond led to the latter facing campaign finance charges.

Sassoon remarked when mentioning Bond's indictment after Salame's guilty plea, "I don't do that kind of entrapment or trick people into pleading guilty."

Bond is one of the last figures associated with the criminal case against former FTX executives, and she has been attempting to dismiss the charges against her on the grounds of prosecutorial "coercion to plead guilty." The conclusion of her case may mark the final chapter of criminal charges since FTX filed for bankruptcy in November 2022.

She pleaded not guilty to charges of conspiracy to cause illegal campaign contributions, causing and accepting excessive campaign contributions, causing and receiving illegal corporate contributions, and causing and receiving conduit contributions.

These charges are closely related to Salame's alleged order to use $400,000 in funds associated with FTX, which were used for Bond's 2022 campaign for a U.S. House seat.

Salame began serving his 7.5-year sentence in October 2024. Former Alameda Research CEO Caroline Ellison pleaded guilty and will begin serving a 2-year sentence in November 2024.

The indictment also mentioned two other former executives, Nishad Singh and Gary Wang, who pleaded guilty and were sentenced to time served.

However, for Bankman-Fried, the saga continues. The former CEO has been incarcerated since August 2023, when a judge revoked his bail on charges of witness intimidation. He was later tried, convicted, and sentenced to 25 years in prison, a legal process closely watched by many in the cryptocurrency and blockchain industry.

SBF's lawyers returned to court on November 4, seeking to overturn the former CEO's conviction and sentence. The legal documents claimed that Bankman-Fried was "never presumed innocent" during the trial and argued that his legal team was not allowed to provide information regarding FTX's solvency.

Many cryptocurrency users have also speculated that SBF might seek a pardon from U.S. President Donald Trump. The president granted clemency to former Binance CEO Changpeng Zhao in October, claiming "what he did wasn't even a crime."

Related: Samourai case ruling solidifies DOJ's funding transmission theory on cryptocurrency mixers

Original: “Former Prosecutor Denies Promising Not to Prosecute FTX Executive's Partner”

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