Sam Bankman Fried, the former CEO of FTX who was imprisoned, hopes President Trump will forgive him. In a recent interview, he portrayed his own beliefs as part of Biden’s anti-cryptic overreach of presidency.
However, Bankman Fried was a freeman and billionaire, and he gave millions to Trump in the 2020 election. Securing pardon under these circumstances may be a long shot.
Will Trump allow Sam Bank Man Fried?
Sam Bankmanfried, one of the biggest criminals in code history, is about to leave federal prison. He has consistently petitioned for his release since it began in 2022, but has had little success.
But now Bankmanfried is looking for a new strategy, hoping that President Trump will forgive him.
“My judge, Judge Kaplan, is one of the Trump judges in New York, and this is part of the big fight going on between the upcoming Trump DOJ and what we see from the Biden DOJ. I know there was an apologies about pardons… Given what President Trump saw about DOJ and its politicization, I think there’s a real conversation going on about it.” Bankman They say they fried it.
Before FTX crashed in 2022, Bankman-Fried was one of the biggest figures in the international crypto sector. He was a major democratic donor and was instrumental in Joe Biden’s victory over Donald Trump in 2020, but his political capital all disappeared along with his empire.
Recently, prosecutors gave him an exception when they announced the conclusion of the code crackdown.
But now that Trump is in charge, this may present a new opportunity. He forgives Ross Ulbricht, the founder of the Silk Road. Ross Ulbriccht was caused by a decade-long imprisonment in the crypto community after a petition from Ulbriccht’s mother. Bankmanfried’s parents noticed this and began asking President Trump to merciless his son last month.
In his first interview with the New York Sun from prison, Bankman Fried was very cheerful about directly praising Trump for his request for forgiveness.
Instead, he acknowledged his past ties with the Biden administration and claimed he was unhappy with its crypto policy. He argued that his own beliefs were the victim of this government’s overreach and that Trump could fix it.
“At the time I saw myself as a kind of center left, but that’s no longer a way to see myself. By 2022, I spent a lot of my time in Washington, D.C., MP, and lawmakers, regulators, and administration. I was really frustrated and disappointed by what the Biden administration and Democrats saw. Especially with crypto policy, the Biden administration was incredibly destructive and difficult to cooperate. My case was I think it fits that broad context,” Bankmanfried argued.
It is unclear at the moment whether this framing will do much to drive President Trump. Bankmanfried claimed he also donated to Republicans, but he still supported Trump opponents in millions of dollars directly.
In other words, Bankmanfried maintains his innocence, but the pardon seems like a real long shot.
Bankman Fried claims he is still innocent
Sam Bankman Fleet said the prosecutor “pushed a very big misinformation during the trial.” According to the founders of FTX, they also provided misleading information about his gorgeous apartment.
He also firmly denies that FTX and Alameda’s research is bankrupt or insolvency.
“The two companies were enough to do all their debts well. What happened was the liquidity crisis, the banking run. We had more assets than debt, but suddenly, There was a great demand for cash delivery right away,” he argues.
Regardless of his claims, Bankman Fleet colleagues Gary Wang and Nishad Singh and Caroline Ellison testified against him during the trial. They all received much lighter writing for their cooperation.
The founder made several statements about his mistakes, but he argued that his sentence was exaggerated. However, the crypto community may not agree.
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