Trump Blocks SBF Pardon Bid Amid FTX Collapse Fallout
Former FTX CEO Sam Bankman-Fried (SBF) is unlikely to receive a pardon from President Donald Trump, according to a White House spokesperson. This news comes as a blow to SBF's efforts to secure clemency through his public pivot towards conservative politics.
Bankman-Fried is serving a 25-year federal prison sentence for his role in the collapse of FTX, one of the world's largest cryptocurrency exchanges. He was convicted on fraud and conspiracy charges tied to the multibillion-dollar scheme that diverted customer funds to affiliated trading firm Alameda Research.
The White House spokesperson pointed to Trump's earlier public remarks, which ruled out pardons for several high-profile figures, including SBF. The president retains final authority over all pardon decisions.