Disgraced crypto king Sam Bankman-Fried officially asks Trump for a pardon
Sam Bankman-Fried, the imprisoned former cryptocurrency executive and billionaire, has asked the Trump administration for a pardon.
In 2024, Bankman-Fried was sentenced to 25 years in prison and $11 billion in forfeiture on a raft of fraud and conspiracy charges tied to the collapse of his FTX cryptocurrency exchange two years earlier.
The crypto fraudster asked this year for a “Pardon after Completion of Sentence,” according to a Justice Department website, though it doesn’t specify on which date he filed for the reprieve. Bloomberg previously reported the pardon effort.
Prosecutors accused Bankman-Fried, known by his nickname SBF, of misappropriating billions of dollars of customer funds for personal use, political donations and repayment on billions of dollars in loans tied to a sister trading fund. The Justice Department called the scheme “one of the largest financial frauds in history.”
In an interview with Fox Business earlier Monday, Bankman-Fried maintained that the original pr..
