FTX Founder Sam Bankman-Fried Files for Presidential Pardon from Trump Amid 25-Year Fraud Sentence
By
Alicia Park
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· 2 sourcesFTX co-founder Sam Bankman-Fried has formally requested a presidential pardon from Donald Trump, according to Bloomberg News, as reported by Hacker News. Bankman-Fried is currently serving a 25-year prison sentence for fraud and money laundering related to the collapse of his cryptocurrency exchange. The request is considered a long-shot bid, as bsky noted that Trump stated in January he had no plans to grant clemency to Bankman-Fried, though the move comes amid a broader Trump clemency spree that has already freed other prominent figures in the crypto space.
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Summary
FTX cofounder Sam Bankman-Fried, currently serving a 25-year prison sentence for fraud related to the collapse of his cryptocurrency exchange, has formally requested a presidential pardon from Donald Trump. The request is considered a long-shot bid, especially after Trump stated in January he had no plans to grant clemency to Bankman-Fried. The move comes amid a broader Trump clemency spree that has already freed other prominent figures in the crypto space.
Key quotes
· 3 pulledFTX cofounder Sam Bankman-Fried has filed a formal request for a presidential pardon, asking President Donald Trump to erase the estimated fraud charges tied to the crypto exchange's implosion
a long-shot bid that comes after Trump said in January he was not planning to grant the FTX founder any clemency
The FTX founder is betting on a Trump clemency spree that's already freed crypto's biggest names.
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