Jailed crypto founder Sam Bankman-Fried seeks Trump pardon
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Sam Bankman-Fried, the one-time giant in cryptocurrencies currently in prison for fraud, has applied for a pardon from President Donald Trump.
Key facts
Bankman-Fried was given a 25-year sentence after he was convicted of multiple federal charges related to FTX, the cryptocurrency exchange that he founded and led, and its related company Alameda
Sam Bankman-Fried, the one-time giant in cryptocurrencies currently in prison for fraud, has applied for a pardon from President Donald Trump
The firm collapsed in 2022 amid claims that Bankman-Fried had been using deposited funds as his own, including to make personal investments and pay debts
His application for a pardon appears alongside more than 20,000 requests for either pardon or commutations, according to records of the Office of the Pardon Attorney for the justice department
Summary
Bankman-Fried was given a 25-year sentence after he was convicted of multiple federal charges related to FTX, the cryptocurrency exchange that he founded and led, and its related company Alameda Research. Two years into that sentence, the 34-year-old former billionaire has now filed an application for pardon after completion of sentence to the Department of Justice, according to online records. Should Bankman-Fried ultimately receive a pardon, his crimes would be forgiven under the law. A "pardon after completion of sentence" would mean that Bankman-Fried's conviction on various counts of fraud would be forgiven after he serves his jail sentence.