President Donald Trump said that there will likely be no pardon for former FTX CEO Sam Bankman-Fried, who’s at the moment serving a 25-year sentence following the FTX collapse.
Bankman-Fried has been in custody since August 2023 after shedding bail standing earlier than trial. President Trump additionally specified that pardons won’t be given to music producer Sean Combs or former Senator Robert Menendez.
Throughout an interview with The New York Instances, President Trump responded to inquiries about potential conflicts linked to private or household connections with cryptocurrency.
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He acknowledged involvement with the Bitcoin
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mining agency American Bitcoin
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, stablecoin platform World Liberty Monetary (issuer of USD1), and the launch of his private meme coin, Official Trump (TRUMP).
The conviction of Bankman-Fried was delivered in March 2024. The decision included seven felony fees associated to misusing buyer funds.
Bankman-Fried referred to previous pleasant interactions with members of the Republican Celebration and made makes an attempt to realize assist by aligning with figures corresponding to Tucker Carlson. Polymarket confirmed a 6% chance that Bankman-Fried would obtain a pardon earlier than 2027.
Regardless of no pardon from Trump, Bankman-Fried’s authorized representatives are exploring different choices. Arguments for overturning the conviction had been heard on the US Courtroom of Appeals for the Second Circuit in November, and the Supreme Courtroom stays an choice if required.
In the meantime, Ilya Lichtenstein, identified for his position in one of many largest Bitcoin thefts ever recorded, was launched from jail. What did he say? Learn the total story.
